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Coronavirus could wipe out a month's copper demand in China

Quarantine measures imposed by Chinese authorities on several cities in key copper refining regions to curb the spread of the coronavirus could potentially wipe up to one month’s worth of domestic copper demand, or about one million tonnes, from the demand equation, qualitative analysis by market intelligence firm Wood Mackenzie indicates.

Coronavirus could wipe out a month's copper demand in China Coronavirus could wipe out a month's copper demand in China Coronavirus could wipe out a month's copper demand in China Coronavirus could wipe out a month's copper demand in China Coronavirus could wipe out a month's copper demand in China

High Chinese investories of sulphuric acid is causing smelter capacity reductions because of coronavirus-related quarantine impacts on logistics and supply chains

WoodMac's best case scenario is that demand from this sector would be delayed to later this year. "As a result, we believe that there is now a significant downside risk to our forecast of 0.