Coronavirus supply disruptions are the next worry for metals
Auto The Economic Times - The spread of the coronavirus across the world has focused metals markets on the risks to demand, causing prices to plummet, but so far investors have largely ignored the mounting threats to supply.
A hint of what may be coming was South Africa's decision on Monday to impose a 21-day nationwide lockdown to try and contain the epidemic, a move that will affect the nation's mines.
South Africa is the world's largest producer of platinum, the second-largest of palladium and is also a major exporter of thermal coal, iron ore and gold.
The country dominates global platinum production, with its output of about 130 tonnes in 2019 nearly six times more than the next biggest producer, Russia.