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China Ministry of Industry Information and Technology advised that metals firms should not seek to ramp up production at all costs and should avoid vicious competition with one another as they return to work in the wake of the coronavirus outbreak. MIIT statement has basically summarized a video conference on Thursday with some of the country’s biggest metal producers, including Aluminum Corp of China, China Minmetals Corp, Jiangxi Copper, Henan Yuguang Gold and Lead, Zijin Mining, the Shanghai Steel Union and the CNIA. MIIT said “Resuming work and resuming production do not mean going all out. We must respect the laws of the market and organize production in accordance with demand. The greater the pressure on production and operations, the greater the importance we attach to ecological and environmental protection and safe production.”
Industrial production in China, the world’s biggest metals consumer, took a big hit from the epidemic, with movement of people and commodities restricted in a bid to prevent the spread of the virus, meaning companies did not have enough staff or in some cases raw materials to operate as normal.