Slow Chinese Economy, Strong Dollar Create Perfect Storm for Base Metals to Face Strong Headwinds

CNBC reported that the current blend of a sluggish Chinese economy and a dollar that is gathering strength provide for a “toxic” environment for commodities, base metals in particular.

As quoted in the market report:

Andrew Keen, global head of metals & mining at HSBC, said the adjustment to near term forecasts for base metals is a reflection of poor market sentiment for the sector going into the second half of the year.

To view the whole CNBC report, click here.