Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates


Industrial metals prices have increased today due to record high US equities market and the recommencement of production at several Chinese facilities.

Reuters reported that London Metal Exchange (LSE)’s three-month copper increased by 1% to $5,725 a tonne, nickel rose 2.3% to $13,185 a tonne, zinc edged-up 1.3% to $2,162 a tonne and aluminium rose 0.9% to $1,717 a tonne. The rise of base metal prices has boosted market sentiment.

Nasdaq closed at record highs yesterday as workers and factories in China returned to resumed business.

Apple’s iPhone producer Foxconn received a permit to reopen two major plants in China, which were closed due to the coronavirus outbreak.

The death toll from the virus has reached 1,018, including one case in the Philippines, and the number of reported infections has increased to 42,638 globally as of the end of 10 February, representing an increase of 108 new deaths from the day before.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Earlier this month, global ratings agency Moody’s Investor Service stated that the global prices of iron ore and base metals have fallen due to the novel coronavirus (nCoV) outbreak in China.