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More Bad News for Bulkers, as South African Ports Close for Mineral Exports

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South Africa's main export terminals will be closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply chains linking major producer Zambia to Asian consumers.

Miners in the Zambian copper belt typically transport copper overland to South Africa's ports, where it is exported mainly to China, the world's biggest consumer of the metal.

"All bulk terminals (mineral mining commodities) will be closed," a note from Transnet Port Terminals read, according to a shipping agent. Contacted by Reuters, Transnet Port Terminals did not immediately confirm that mineral commodities would not be exported.

(Reuters reporting by Helen Reid, Zandi Shabalala, Tanisha Heiberg; additional reporting by Jonathan Saul; editing by Jason Neely)

Mar 26, 2020

 

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