Base metal prices on LME witness mixed trends

  • Base metals prices on LME witnessed varied trends. The highest drop was seen in zinc, down 3.2%. Meanwhile, stocks witnessed outflows.
  • U.S. manufacturing and construction slowed in May, signalling economic sluggishness, potential interest rate cuts, and mixed sector performance.
  • Eurozone manufacturing showed signs of improvement as new orders declined at their slowest pace in two years, boosting business confidence.