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Analysts at TD Securities suggest that in the aftermath of the China tariffs, the focus for base metals will likely return to the Middle Kingdom’s PMIs and industrial profits.

Key Quotes

“We suspect that signs of weakness in the PMIs could well provide the catalyst needed for prices to put the recent rally to the test, as the market’s conviction remains fragile. However, as we head into China’s golden week holidays, we suspect that the absence of major market participants could also lead to choppy trading sessions.”