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Demand hit the bigger COVID bugbear for metal producers

Outage events linked to the COVID-19 pandemic are lasting longer than expected, which is good news for unaffected miners, but mine closure are unlikely to fully compensate for a collapse in demand.

Demand hit the bigger COVID bugbear for metal producers Demand hit the bigger COVID bugbear for metal producers Demand hit the bigger COVID bugbear for metal producers Demand hit the bigger COVID bugbear for metal producers Demand hit the bigger COVID bugbear for metal producers

Zinc supply hit hard by COVID-19. Image: Nystar

That's the latest result from the "supply-loss tracker" developed by Citi, an investment bank which sees a significant build-up in mineral inventories by early next year.

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