Chinese PMI Dents Copper, Grasberg Shutdown Limits Losses

Reuters reported that copper was delivered a blow from poor Chinese PMI data, raising concern about demand.

As quoted in the market report:

 Metals spiralled lower after a survey of Chinese purchasing managers (PMI) in the world’s biggest consumer of industrial metals after showed factory activity shrank for the first time in seven months in May.

To view the whole Reuters report, click here.