Wed, Oct 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

China importing 2000 tons of gold by 2016 ‘not inconceivable’: Standard Chartered

Posted on 26 June 2013

China may be importing 2000 tons of gold by the time it is 2016 which would roughly be equal to 80% of the total global gold mine supply, said Standard Chartered in a report cited by Bloomberg News, noting that such a feat is not something ‘inconceivable’.
“Although it is the world’s largest producer of gold, 40 percent of its production uses imported gold in concentrates,” Standard Chartered noted. Meanwhile gold output by China may jump 10% to 440 tons this year, China’s mining association said last week………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031