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Nickel Declines to Six-Year Low as Greece Sparks Growth Concerns

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Nickel slid to the lowest since May 2009 as Greece’s debt crisis undermined confidence in the global growth outlook and threatened commodities demand.

The London Metal Exchange’s Index of six industrial metals is heading for a fourth straight quarterly loss, the longest streak since 2001. Greece’s standoff with its creditors is adding to economic concerns amid a slowdown in China. Europe is forecast to account for almost one-fifth of the world’s nickel demand this year, Morgan Stanley estimates.