Nonferrous metals on both the SHFE and LME fell across the board on Friday morning as investors monitor rising tensions between the US and China as well as developments from China’s “two sessions.” Losses in oil prices and dismal economic data released recently also gave a hit to the nonferrous complex. SHFE nickel bucked the downtrend, however, rising to claw back losses from overnight trading. The contract for July delivery plunged 8% to hit its “limit down” level at a five-week low of 96,070 yuan/mt overnight. Overnight on the SHFE, zinc and tin slipped 1.5%, copper declined 0.7% and lead lost 0.5%, while ... (full story)