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Mine Shutdowns Plague Metals Even as Some Slowly Return to Work

  • Measures to curb virus spread hurt production worldwide
  • Some countries to ease restrictions, clearing way for restarts
Inside The Mountain Pass Mine As Rare Earths Face Trade War Threats
Photographer: Joe Buglewicz/Bloomberg
Updated on

The impact of the coronavirus pandemic continues to ripple through the global mining industry, with extended shutdowns in some regions, others allowing operations to resume, and industry giants warning they’ll rein in capital expenditure.

Unprecedented disruptions to mines and supply chains have thrown the outlook for industrial and precious metals into disarray, just as demand is hit by prospects for the steepest recession in almost a century. China, the top commodities buyer, recorded its first contraction in decades.