In this list

China's H1 gold production falls 8% on year to 190 mt; demand remains stable

Commodities | Agriculture | Biofuels | Grains | Energy | Coal | Coking Coal | Oil | Crude Oil | Refined Products | Naphtha | Metals | Non-Ferrous | Steel

Market Movers Asia, May 29-June 2: Asian LNG prices subdued on supply glut, Indonesian thermal coal output to rise

Metals | Steel

Platts Steel Raw Materials Monthly

Energy | Oil | Energy Transition

APPEC 2023

Metals | Energy | Natural Gas | Non-Ferrous

INTERVIEW: Japan to boost critical minerals security with G7, 'like-minded countries'

Energy | Oil | Petrochemicals | Metals | Agriculture | Refined Products | Gasoline | Fuel Oil | Polymers | Sugar | Grains

Corn tests two centuries of US-Mexico relations

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

China's H1 gold production falls 8% on year to 190 mt; demand remains stable

  • Author
  • Charles Newbery
  • Editor
  • E Shailaja Nair
  • Commodity
  • Metals

Hong Kong — The world's biggest gold producer and consumer China produced 190.28 mt (6.12 million oz) of gold in the first half of 2018, down 7.9% from a year earlier, according to statistics released by the China Gold Association on Tuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Mined gold accounted for 84.9% of China's H1 gold output at 161.62 mt, down 9.4% on the year.

The remaining 28.66 mt was made up of gold produced as a by-product of base metals processing and this was up 2.1% year on year.

The government's environmental policies including withdrawal of mining rights in natural reserves as well as reforms on mining rights' transfer and royalty payment, led gold producers to curtail production, CGA said.

China's gold imports rose 74.9% on the year to 61.133 mt in H1, CGA said.

After taking into account the imports, overall Chinese nominal gold supply was up 4.1% on the year in H1 at 251.41 mt.

In 2017, China's gold output fell 6% on the year to 426.142 mt, the first annual decline since 2000.

China's gold consumption totaled 541.22 mt in H1, a mere 0.31% rise on the year, CGA data showed.

During the comparison periods, gold used in jewelry manufacturing rose 6.4% to 351.84 mt. The gain was offset by a 15.7% slump in the demand for gold bullion production to 133.61 mt.

Fueled by strong demand from the electronics industry, gold for industrial applications rose 13.8% on the year to 51.67 mt in H1.

--Winnie Lee,

--Edited by E Shailaja Nair,