LME base metal prices continue slide on the back of Fed hike

摘要

LME base metals fell on May 23,continuing the trend from last week, withmost major metals down on the day afterpoor European manufacturing data.Weak PMI figures from Europe,uncertainty around China, and the increasedlikelihood of the US Federal Reserve raisinginterest rates in June continued to putpressure on the base-metals complex as anew trading week began.