Glencore, Codelco copper exports corrode as coronavirus spreads — Panjiva


Glencore, Codelco copper exports corrode as coronavirus spreads

Chile 71 China 2297 Materials - Metals/Mining 587 Metals - Copper 53 Natural Disasters 171 Peru 41

The mining industry is starting to feel the effects of the coronavirus outbreak both in safety-related mine closures and reduced demand. Chile’s exports of copper, including those by Codelco, dropped 4.3% year over year in January. That included a 7.5% slip in shipments to China – which represented 52.0% of exports in the past 12 months. Peru’s exports fell 7.0% in January and may have dropped by as much as 22.8% in February. China represented 68.1% of exports in the 12 months to Jan. 31. Exports linked to Glencore dropped by 79.9% compared to a year earlier in February, while MMG’s Las ...

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