| Industrial metals are set to suffer their worst monthly performance since 2012, according to S&P Dow Jones Indices. The S&P GSCI Industrial Metals Total Return Index has lost 8.7% month-to-date, as of Monday — on track for its worst month since May 2012, when it lost 9.7%. It’s also having its seventh-worst May performance since 1978, when the index history began.
Jodie Gunzberg, global head of commodities and real assets at S&P Dow Jones Indices, attributed the weak performance in industrial metals, which include copper and lead, to the rising U.S. dollar as well as rising inventories of industrial metals...............................................Full Article: Source
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