The prices of most industrial metals fell over the past month, and were hit particularly hard in recent days by downbeat Chinese manufacturing surveys, and US-China trade talks taking a turn for the worse. But while a full-on breakdown of negotiations would undoubtedly be negative for most metals prices, we expect Chinese growth to remain sluggish even if a trade deal is agreed. As such, whether or not trade talks soon get back on track, we think that the prices of most metals will slide further in 2019.
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