If I were you I would mod this post as it comes across as been insensitive and uncaring.
This is a post I did a month ago in the economics section of HC - Post #:
42610749That is where I feel the virus be best discussed. Since that post it is obvious a number of producing companies in the lithium space may be in a world of pain now - for companies that have good profits and cash reserves, a temporary blip, but for companies in debt and poor cash reserves they are in a world of pain. Be mindful, with factory shutdowns and transport restrictions, well production of lithium hydroxide also reduces because hydroxide itself has a short shelf life if not used and/or stored correctly because of the oxidisation impact on hydroxide.
https://science.howstuffworks.com/carbon-dioxide-eliminated-aboard-spacecraft.htm
https://www.prnewswire.com/news-releases/cru-lithium-hydroxide-prices-firm-due-to-coronavirus-301006621.htmlChina is also refitting some manufacturers to produce masks/medical things away from traditional things they do, which again impacts demand:
https://www.reuters.com/article/us-china-health-masks/foxconn-chinese-firms-refit-production-lines-to-make-masks-amid-virus-outbreak-idUSKBN2010GZRemoving fear in the market and world economy is a different kettle of fish to statistics.
Ask Europeans, they think the probability of getting done over by a shark in Oz or a spider or a snake are much much much much much higher than been in a car accident. When it comes to fear, people have a different perspective on probability theory - world markets have been feared because of the spread outside China since my Jan post btw, i.e. look at Italy and it has shutdown virtually its soccer season last week and soccer is a religion in Italy- it will be sorted out but for traders/short termers tomorrow is a long way away, even if tomorrow is two weeks away.
Yes like SARs they will bring this under control, but removing fear is a different kettle of fish and that takes a little longer. Not an issue for explorers btw because it will have little impact on FA and timeline to mining, on the assumption it will be brought under control in the next few months, but until then markets will be volatile. It is teh way it is and the best thing they can do is work to the cure, as any death to the virus means a family has lost a member (and that is always sad).
All IMO
