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

    Why China’s jewellery giants are selling less amid a precious metal boom 

    Precious Metal

    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
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    RMC dévoile sa nouvelle radio musicale «RMC Gold »

    Stock Market

    Betting The Farm – These 6 Dividend Stocks Dominate Our Family’s Portfolios

    Fintech

    La fintech française Worldline nomme un nouveau PDG -Le 26 février 2025 à 05:32

    Editors Picks

    Microsoft Schedules December Shareholder Vote on Possibility of Investing in Bitcoin, Board Recommends Against It

    October 26, 2024

    Improving Quality of Commodities Crucial to Boost Export Trade: Trade & Regional Integration Ministry – ENA English

    October 15, 2024

    Two Tulsans sentenced for running illegal Dark Web cryptocurrency pharmacy – Newstalk KZRG

    March 15, 2025

    BPA plus que triplé au 3e trimestre

    June 25, 2025
    What's Hot

    Cryptocurrency Titans Battle as Ethereum, Solana, and Rexas Finance Race for Supremacy

    April 26, 2025

    Twelve Capital et Lumyna Investments lancent un fonds innovant axé sur l’assurance paramétrique

    February 6, 2025

    EBUEY Unveils Comprehensive Security Measures and Advanced Trading Tools for Cryptocurrency Platform

    October 17, 2024
    Our Picks

    Al-Jouf Agricultural Development affiche un bénéfice net et un chiffre d’affaires en hausse pour l’exercice 24 -Le 26 février 2025 à 07:46

    February 25, 2025

    Pourquoi les kangourous sautent-ils ? De scientifiques ont peut-être trouvé une piste

    March 20, 2025

    Will 2024 Be The Year When Silver Prices Hit $50 An Ounce?

    July 11, 2024
    Weekly Top

    Le projet d’usine de GNL de Marinvest Energy serait-il cohérent avec les cibles climatiques du gouvernement du Québec?

    July 9, 2025

    Why China’s jewellery giants are selling less amid a precious metal boom 

    July 9, 2025

    SBP plans pilot for digital currency – Newspaper

    July 9, 2025
    Editor's Pick

    Génie | Objectif : démocratiser l’infrarouge abordable

    February 27, 2025

    Aya Gold & Silver Inc. annonce ses résultats pour l’exercice clos le 31 décembre 2024

    March 28, 2025

    Apple plans to expand its investment in China, says CEO Tim Cook

    October 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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