The Coronavirus and its impact on the copper market

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06 February 2020

The Coronavirus and its impact on the copper market

Report summary

The novel coronavirus (2019-nCoV), a pneumonia-like syndrome, was diagnosed in late 2019 in China. The outbreak of the 2019-nCoV was declared a public health emergency of international concern by the World Health Organisation (WHO) on 30 January. In response to the outbreak, China has taken a number of measures to contain the spread of the virus. These measures are having increasing impacts on both supply and demand sides of the copper market in China. Given the rapid development of this public health crisis, in this insight we take a more qualitative look at the impact of the outbreak of 2019-nCoV on the copper market. As details unfold post the extended Chinese New Year holidays next week, we will look to follow-up with more quantitative analysis.

Table of contents

  • Copper supply: operations continue at Chinese smelters but acid is a big risk
  • Copper demand: disruptions impacting first-use and end-use sectors
  • Appendix: impact of SARS on global copper market

Tables and charts

This report includes 1 images and tables including:

  • The spread of 2019-nCoV in China and potential impacts on copper first-use demand sectors

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    The Coronavirus and its impact on the copper market

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