BASE METALS

Outlook for China's economy grows increasingly less clear

The outlook for China's economy continues to carry a large degree of uncertainty with the country's official manufacturing purchasing managers' index (PMI) showing a contraction in May, while the private Caixin manufacturing PMI indicated that the sector is expanding.

Image by ilovehz on Freepik

Image by ilovehz on Freepik

The official manufacturing PMI dropped to a five-month low of 48.8, down from 49.2 in April, and missed forecasts gathered by Reuters of 49.4. The S&P Global Caixin manufacturing PMI, meanwhile, grew...

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