Loss of mines with long-term presence of corona
Mining Expert: In addition, if the coronavirus and its prevalence in the country are prolonged, its effects will reach the mineral market.
With the arrival of the Corona virus and its prevalence in the country, many economic activities will face stagnation and decline, according to the International Stone Exhibition of Iran. Have encountered and are gradually being affected by other businesses and industries.
This depends on the relationship of mineral raw materials to the mineral industry, which means that if those industries are hit by stagnation, this recession will eventually reach the mines, resulting in a decline in mineral supply and demand. It should be noted, however, that the minerals needed for medical equipment or medical affairs in general with the outbreak of coronary artery disease can be more prosperous.
In addition, if the coronavirus and its spread in the country are prolonged, its effects will reach the mineral market. One of the minerals is iron ore which is needed by the steel industry. Due to the strong need for iron ore in the steel industry and the fact that these industries are now well-off, exports of steel products continue.
Currently, the iron ore market has not stagnated and its price has been a function of the price of steel ingots and has grown relatively well, but if the iron ore market is affected by the corona, it will also have a negative impact on steel.
In the end, I believe that if the outbreak of coronary heart disease is not controlled, it is likely that the effects on the mineral market will gradually appear in the next few months, but if controlled for the next two months, the virus will not have much effect on the mineral market.
* Mohammad Ali Abutalebi, mining expert