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CN Gold Production Up 1%+ YoY Last Yr; Consumption Sinks 3.6%
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Last year, China's domestic raw material gold production was 381.34 tons, up 4.1 tons or 1.09% YoY, according to the latest statistics from the China Gold Association. Imported raw material gold production was 170.68 tons, up 13.82 tons or 8.81% YoY. The total gold production from domestic and imported raw materials was 552.02 tons, up 17.91 tons or 3.35% YoY. Last year, the overseas gold production of large Chinese gold groups steadily elevated, achieving a mined gold production of approximately 90 tons, marking a YoY growth of 25%. Among them, ZIJIN MINING (02899.HK) completed the delivery of two gold mining projects in Ghana and Kazakhstan. During the period, China's gold consumption was 950.1 tons, down 3.57% YoY. Among which, gold jewelry consumption was 363.83 tons, down 31.61%; gold bars and coins consumption was 504.24 tons, up 35.14%; and industrial and other gold usage was 82.02 tons, up 2.32%. AASTOCKS Financial News Website: www.aastocks.com |
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