Western Mining's Qinghai Copper has become the second copper smelter in China to declare force majeure due to the novel coronavirus (2019-nCoV) after filing an application for a force majeure certificate from the China Council for the Promotion of International Trade (CCPIT), Fastmarkets learned on Wednesday March 4.
The certificate holder may claim partial or complete exemption for the contract's liability for non-performance, partial performance or delay, according to the CCPIT, which announced the provision of the certificates in late January after the spread of novel coronavirus in the country.China has issued 4,318 force majeure certificates as of February 27 to protect companies from legal damage arising from the novel coronavirus...