Global manufacturing decline weighs on minerals demand

By IM Staff
Published: Friday, 30 August 2019

Data shows a continued slide in worldwide factory output, with raw materials traders reporting weaker orders from buyers.

Global manufacturing output slipped for a second month in July 2019, depressing demand for industrial minerals, according to a combination of purchasing managers’ index (PMI) survey data and market feedback.

The JP Morgan Global Manufacturing PMI for global manufacturing production registered 49.3 during the month, down from 49.4 in June,...

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