
Weekly Base Metal Macroeconomic Slides
The global macroeconomic backdrop remains increasingly mixed, with resilient growth across the US and Eurozone contrasting against a continued slowdown in China. Strong Western economic activity, supported by robust manufacturing data, ongoing AI-driven investment, and resilient corporate earnings, has helped sustain industrial demand and improve broader market sentiment. However, China's weakening manufacturing sector, subdued domestic consumption, persistent property market challenges, and declining construction activity continue to weigh on the outlook for global metals demand.

- Base Metals

