PRESS ROOM
Industrial metals await a rebound in China
Friday 24th June '22
China’s manufacturing Purchasing Managers’ Index (PMI), a measure of month-on-month change in economic activity has been in contractionary territory for 3 consecutive months since March. This has weighed on the sentiment towards industrial metals which rely on support from Chinese industrial demand. If Chinese economic activity offers an expansionary reading for June, this could help revive investor sentiment towards industrial metals.