| Post 2012, base metals have witnessed a dismal performance. China – the biggest consumer of base metals – has been losing steam rapidly. Growth levels have dropped to the lowest in 24 years. Prime reason for flagging growth in the world’s second largest economy is declining industrial production which increased at its slowest pace in March 2015.
Not only this, gloomy economic scenario just worsens as retail sales, a sign of consumer demand, rose at the slowest rate in nearly a decade and land purchases by developers, a major source of revenue for China’s heavily indebted local governments, fell 32 per cent in the first three months of 2015...............................................Full Article: Source
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