China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

According to reports from the Gold Association of China quoted by Xinhua, the Chinese news agency, the gold mines operated by the biggest mining companies produced 32.72 tons during Q1.

Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months.China managed to ramp up its gold extraction levels during the first quarter of 2023.

According to reports from the Gold Association of China quoted by Xinhua, the Chinese news agency, gold mines operated by the biggest mining companies in China produced 32.72 tons of the precious metal during Q1 2023, almost half of the gold produced in the country during that period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US & South Korean Companies To Onshore More Battery Production To US - CleanTechnicaThe dominance of China in the EV battery supply chain has raised concerns about the geopolitical risks associated with the reliance on one country for essential minerals and battery technology. As Chinese companies control over 70% of lithium-ion battery manufacturing and nearly all stages of the EV battery supply chain, this reliance on China puts […]
Source: cleantechnica - 🏆 565. / 51 Read more »