China’s Spreading Lockdowns Keeping Metals Supply Chains Snarled
- Copper fabricator in Henan reports slumping sales in 1H April
- Country’s biggest tin producer says mining halted in Yunnan
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China’s virus lockdowns are spreading to other parts of the country, keeping metals supply chains snarled and demand subdued even as the situation in Shanghai seems to be improving.
There are signs that some of the transport bottlenecks and factory closures in and around Shanghai are easing, but anti-virus measures now appear to be spreading to other parts of Asia’s largest economy. Tighter controls have been imposed in the cities of Suzhou and Zhengzhou, the capital of the central Henan province. China has so far decided to stick with its Covid Zero policy, despite growing evidence that it’s threatening economic growth.