London nickel down more than 5 pct on demand worries

LONDON, Oct 24 (Reuters) - Nickel prices fell more than 5 percent on Friday to $8,850 a tonne -- its lowest since July 2003 -- as investors priced in the threat of a global recession and the dollar strengthened.

Nickel for three-month delivery on the London Metal Exchange was trading at $8,900 a tonne at 1114 GMT, compared with $9,350 at the close on Thursday.

(Reporting by Michael Taylor; editing by Sue Thomas) Keywords: NICKEL/FALL

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