Mining operations in Mexico, Ecuador, Peru, Bolivia and parts of Canada are slowing ramping back up in May after countries, in compliance with government-mandated covid-19 containment measures, halted operations worldwide in March.
Three months into 2020, $282 billion had been wiped from the sector as the covid-19 pandemic swept the world.
The fallout of the coronavirus outbreak has forced global miners to cut their 2020 capital expenditure by about 19% and copper
production outlook by 8%, according to data compiled by Reuters.
Demand for metals has also been hit as the coronavirus spread from China to other parts of the world and forced several nations to shut down much of their economies to contain the outbreak.