Chinese logistics grind to a halt on coronavirus fallout

The coronavirus outbreak in China has severely disrupted logistics in the country, creating a shortage of available truck drivers and rail freight cars, with transport between provinces severely disrupted.

"We haven't delivered any materials for the moment because transportation has been delayed due to the coronavirus [situation]," a magnesia producer told Fastmarkets on Friday February 7.
"Currently, most logistic companies haven't come back to work [since the extended break for the lunar new year holiday], which [means that there are] fewer freight cars to deliver materials and freight fees are higher than usual," a fluorspar producer said.

"We resumed part of our production recently, but we face difficulties in transporting materials to customers...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week