Worst week since 2014 for copper futures as China's frenzy cools; nickel near 2-week lows
The market was bracing for another sell-off by funds reversing bets on nickel's higher prices
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Johannesburg
COPPER had the biggest weekly loss since 2014 amid mounting concerns about the strength of demand in China, where authorities have taken steps to cool a speculative frenzy.
The metal posted a 5.7 per cent loss last week on the Comex in New York, while aluminium and nickel slid more than 4 per cent on the London Metal Exchange as Chinese exchanges took steps to limit speculation.
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