Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

WGC: World gold supply declines 1.4pct in 2012 due to less recycling

Posted on 15 February 2013

The global supply of gold in 2012 declined by 1.4% to 4,453.3 metric tons, said the World Gold Council Thursday in its quarterly trends report. The decline was mainly due to a drop in recycling, with global mine output nearly flat, the WGC said.
“We still have the conundrum that gold has seen the least growth in mine production of most major metals in the last decade,” said Marcus Grubb, managing director of investment for the Gold Council. For most other major base and precious metals, global mine output over the decade is anywhere from 10% to 80%, Grubb said. “For gold, it’s 2%,” he said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031