Metals set for worst quarter since 2008 on global downturn angst.
Base metals headed for the worst quarterly slump since the 2008 global financial crisis as China’s economy recovered only gradually and fears of a world recession intensified.
has fallen by about a fifth. It will be the first quarterly decline for the entire index since the start of the pandemic. A gauge of Chinese factory activity expanded in June for the first time since February, as virus controls were eased. The improvement was fairly muted, however, and a weak property market continues to weigh on metals demand.
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