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The spread of the Covid-19 virus is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector.
US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.
The London Metal Exchange has launched a window of trading intended to drive liquidity in to the cobalt cash-settled contract, settled against Fastmarkets’ benchmark standard-grade cobalt price, it said.
Broader markets are looking a bit brighter this morning, Tuesday May 5, with equity indices and base metals prices firmer while participants look forward to better demand once more plans are announced about lifting lockdown restrictions.
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