The outbreak of the virus, which started in late 2019 in Wuhan, China, has led to lower Chinese demand, rising stocks in Chinese ports and lower prices for products including chrome and manganese.
By contrast, European metal and alloy market participants reported strong demand in February
due to consumers stocking up on material amid the uncertainty, but the impact of the outbreak has started to weigh on prices
China has started to recover from the outbreak and business in the country has been resuming. Market sources in China hope demand for both ore and alloy in the country will pick up in response to recent stimulus measures.
But the virus continues to rage in Europe and has started to spread in Africa, raising concerns about the potential impact of mass contagion on South Africa’s mining industry.
No supply disruptions have been reported so far and cases remain...