April 21 (Bloomberg) -- Copper declined for the fourth time in five days as some investors deemed the metal’s surge by the most in two weeks excessive amid concern that China may curb lending and property speculation. Nickel, zinc and lead declined.
“The metals are going to face continued volatility as we keep getting a flow of both good and bad news which affect investor sentiment,” Wang Jianchao, an analyst at Dahua Futures Co., said from Beijing. “The global economy seems to be slowly recovering. However, any sign that China’s demand will weaken will weigh on prices.”
Zinc fell 1.4 percent to $2,416 a ton, lead slid 1.2 percent to $2,326 a ton and nickel lost 2 percent to $26,700 a ton. Aluminum rose 0.3 percent to $2,393 a ton, and tin hadn’t traded by 11:21 a.m. in Singapore. more...
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