#Latest news with #basemetalsBloomberg3 days agoBusinessBloombergIron Ore Falls as China PMI Slips to Lowest Level Since 2022Iron ore and base metals dropped on concerns about China's economic outlook, with the country's manufacturing activity falling to its lowest level in more than two years. Futures for the steelmaking raw material declined after Caixin's private manufacturing purchasing managers' index for May dropped to a reading of 48.3 from 50.4 in April — the lowest since September 2022 and well below the 50 mark separating expansion from contraction.
Bloomberg3 days agoBusinessBloombergIron Ore Falls as China PMI Slips to Lowest Level Since 2022Iron ore and base metals dropped on concerns about China's economic outlook, with the country's manufacturing activity falling to its lowest level in more than two years. Futures for the steelmaking raw material declined after Caixin's private manufacturing purchasing managers' index for May dropped to a reading of 48.3 from 50.4 in April — the lowest since September 2022 and well below the 50 mark separating expansion from contraction.
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