Author: Drishya Yadav
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Base metals prices weaken despite declining stocks
Base metals futures on the London Metal Exchange (LME) and Shangai Futures Exchange (SHFE) dropped by up to 6% on 15 August. Among all, nickel fell the most by around 6% from the previous session. Base metals prices showed negative trend as demand worries in China surfaced due to weak economic data. The People’s Bank…