Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Mined gold output, gold consumption down
    Precious Metal

    Mined gold output, gold consumption down

    October 28, 20241 Min Read


    An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. [PHOTO by SI WEI/FOR CHINA DAILY]

    China’s mined gold output in the first three quarters of 2024 fell by 1.17 percent from 2023 to 268.07 metric tons, while gold consumption slid 11.18 percent year-on-year to 741.73 tons, the China Gold Association said on Monday.

    In the first three quarters of 2024, Chinese gold producers leveraged high gold prices, while optimizing production capacity and enhancing resource efficiency. However, gold output did not increase as anticipated as resources in older and easily accessible mines are depleting, while new large-scale mines are yet to yield additional capacity, it said.

    However, the association said the industry’s long-term prospects remain positive, with anticipated growth as new mining capacities come online in the future.

    In the first three quarters of 2024, major Chinese gold enterprises achieved 51.90 tons of mined gold from overseas operations, marking a 20.5 percent increase year-on-year.

    Driven by expectations of rising gold prices, holdings in China’s gold ETFs reached 91.39 tons in the first three quarters of 2024, an increase of 29.93 tons, or 48.7 percent, from the end of 2023, it said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Kamoa Copper lance un centre d’excellence pour former des ingénieurs locaux

    Precious Metal

    Koryx Copper lève 10 millions de dollars via un placement d’actions souscrites

    Precious Metal

    Un duel “Next Gen” au premier tour du FIP Silver de Narbonne !

    Precious Metal

    Ero Copper rétrogradée à « performance sectorielle » par la Banque Nationale du Canada

    Precious Metal

    forages sur le site de Boumadine

    Precious Metal

    Investors are searching for the next gold. Don’t get burned.

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Quand vendre ses actions ? L’avis de Fisher Investments France

    Cryptocurrency

    Cryptocurrency dilemma: India must balance between adoption and oversight

    Cryptocurrency

    Fake police call cryptocurrency investors to steal their funds

    Editors Picks

    Commodities Hit as Trump’s Tariffs Threaten Demand and Economy

    April 3, 2025

    LG Energy Q3 profit more than doubles on higher sales; shares jump

    October 28, 2024

    Central bankers make rare comments in favor of bigger gold stash

    October 15, 2024

    Kyrgyzstan set to launch its own digital currency by 2027

    August 9, 2024
    What's Hot

    Indonesia’s massive metals build-out is felling the forest for batteries

    July 16, 2024

    Professor Coin: What’s Driving Cryptocurrency Adoption Around the World

    April 12, 2025

    Supply Chain Investments Are A Major Portion Of Total VC Investments

    August 23, 2024
    Our Picks

    SCVNews.com | SUSD Board Submits $190M Bond Measure for November Ballot

    July 27, 2024

    Trump’s Treasury Pick Scott Bessent Pours Cold Water on US Digital Dollar Initiative

    January 16, 2025

    Circle demande une licence bancaire aux États-Unis après son introduction en bourse réussie

    June 30, 2025
    Weekly Top

    This 6.1% Monthly Dividend Stock is a Cash Flow Machine

    July 9, 2025

    Pakistan plans digital currency pilot

    July 9, 2025

    RBA pushes ahead with stablecoin and digital currency trials — Capital Brief

    July 9, 2025
    Editor's Pick

    Is the Central Bank of India’s Digital Rupee Project Being Powered by the XRP Ledger?

    August 14, 2024

    Market Conditions and Sentiments in the Residential Property Sector

    July 15, 2024

    Cannes Lions 2025 : le Grand Prix pour Haaland et un Gold pour Paname 24 en Entertainment for Sport – Image

    June 17, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.