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South African state transport operator Transnet has confirmed that all the country’s bulk terminals will be closed to minerals shipments under a three-week government-ordered lockdown amid the novel coronavirus (2019-nCoV) pandemic.
Compagnie de Tifnout Tiranimine (CTT) has suspended production at its cobalt mine and plant in Morocco amid a 14-day lockdown in the country aimed at stemming the spread of the novel coronavirus (2019-nCoV), sources close to the matter have confirmed.
Asian Pacific equity indices and most metals prices are stronger this morning, Tuesday March 24, boosted by a combination of broad-based fiscal and monetary policy, and for the metals, announcements of production cuts.
Export prices for silicon and magnesium in China have declined amid growing concerns that suspensions of production announced by automakers abroad in response to the novel coronavirus (2019-nCoV) outbreak would reduce demand for these alloying materials.
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