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The feasibility study for an expansion of the currently idled First Cobalt cobalt refinery in Canada continues despite the novel coronavirus (2019-nCoV) outbreak, with a restart in the fourth quarter under consideration.
Reductions to shipping and port fees comprise the latest weapon for Chinese steel exporters amid their country’s efforts to cushion the effects of the 2019-nCoV coronavirus outbreak.
Despite massive rescue packages announced by governments around the world, equity indices are still falling – as are most of the base metals – this morning, Wednesday March 18.
Base metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Wednesday March 18, with the complex still under the influence of heightened risk aversion stemming from the spread of the novel coronavirus (2019-nCoV) and its impact on the global economy.
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