First Chinese copper smelter declares force majeure amid virus outbreak

Chinese copper smelter Guangxi Nanguo has recently declared force majeure on shipments of copper concentrates, citing logistics difficulties arising from the transport system lockdown imposed to contain the Wuhan coronavirus outbreak, Fastmarkets has learnt.

The smelter, which has capacity for 300,000 tonnes per year, is the first in China to declare its inability to fulfil contracts amid the escalating pressure on deliveries of raw materials and the sale of such products as copper cathodes and sulfuric acid.

It was not known how long the force majeure would last, a source with...

Published

Julian Luk

February 06, 2020

11:00 GMT

London