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Zinc and lead miners have had their silver lining taken out.
Physical trading for copper in China has ground to a halt after the tumbling copper price on the Shanghai Futures Exchange (SHFE) startled the market, Fastmarkets heard.
MMG temporarily reduced productions at its Peruvian copper mine-Las Bambas following the local governments’ declaration of a 15-day state of national emergency to contain the coronavirus (2019-nCoV), the Australian-Chinese miner said on Thursday March 19.
Prices in Southeast Asia’s steel billet market were unchanged despite a slump in emerging market currencies following investors’ preference for haven assets in uncertain economic conditions, Fastmarkets heard.
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