Mining giant BHP warns coronavirus could impact demandBHP has warned that demand for its products will likely dip as a result of the novel coronavirus outbreak. SYDNEY: BHP, the world's biggest miner, warned Tuesday that demand for resources could be hit by the novel coronavirus outbreak in China unless the epidemic is contained by the end of March. The resources giant warned demand for its products would likely dip as a result of the novel coronavirus outbreak in China, with oil, copper and steel use all set to decline unless if the disease continues to spread. However, the company said it expected any impact to be temporary and BHP chief executive Mike Henry struck an upbeat note about the company's long-term outlook. "Despite near term uncertainty –- due to the coronavirus outbreak, trade policy and geopolitics -- we remain convinced about the positive underlying fundamentals of our commodities," he said.

Source: Bangkok Post February 18, 2020 00:22 UTC