The first outbreak of the novel coronavirus (Covid-19) was in Wuhan, in mid-December. On Jan 30th, the World Health Organization declared the Covid-19 a global emergency; and on 11 March they declared Covid-19 a pandemic.
With millions of Chinese citizens in ‘lockdown’, production, trade and travel have already been affected and markets are suffering. How serious could the impact on the commodity sector be? As a leader in primary research and comprehensive commodity coverage, CRU’s experience translates into proficiency across all the major metals, mining and fertilizer commodities. For this reason, we are well placed to independently discuss the economic impacts of this global issue and its repercussions to the upstream and downstream industry segments.
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This month we look at the effect that Covid-19 is having on the wire and cable supply chain and the industry in general. Between March 9 to March 27 CRU ran a survey to...