#China is cancelling orders of copper via force majeure, indicating the bottom has well and truly fallen out of their #economy. The hope is for a Q2 rebound. Is that realistic? Indeterminate. http://archive.ph/788VM #news #virus
As global supply chains - most of which pass through China - crash and burn, Chinese end-buyers have two words for all those sellers who are now facing imminent bankruptcy: "force majeure."
zerohedge.com
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