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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


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