Nickel Leads Drop in Metals as Crude Oil Slide Saps Commodities

Updated on
  • Bloomberg World Mining Index heads for fifth day of losses
  • Crude falls more than 3% as IEA changes view on surplus

Nickel capped its biggest two-day drop in a month, leading declines in industrial metals, as a decline in crude oil dragged down commodities and equities. A gauge of mining-company shares sagged to the lowest since July, paced by Freeport-McMoRan Inc.

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