As SA shuts down, global markets have to steel themselves

Business

As SA shuts down, global markets have to steel themselves

There are increasing reports from around the world of miners either idling output or cutting it back

Clyde Russell

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 SA’s decision on Monday to impose a 21-day nationwide lockdown to try to contain the epidemic, a move that will affect the nation’s mines.

SA 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...

This article is reserved for Times Select subscribers.
A subscription gives you full digital access to all Times Select content.

Times Select

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

You have reached the end of the Edition.