DUBLIN, April 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Research Report on China's Gold Production Industry, 2017-2021" report to their offering.
According to the latest data released by People's Bank of China on Jul.17, 2015, the gold reserve increased by 604 tons to 1,658.1 tons and reached 1,762.32 tons by the end of 2015 compared to six years ago.
The gold production sources include gold mining enterprises, non-ferrous metal smelting enterprises and gold smelting enterprises. The output volume of gold was 450.053 tons in China in 2015 decreasing by 1.746 tons with a decline of 0.39% YOY compared to 2014, of which the gold deposit was 379.423 tons and that of nonferrous metal by-product gold was 70.630 tons. The market concentration rate of China gold manufacturing industry is high. The output volume of finished gold products and mineral gold of leading enterprises including Zhongjin Gold, Zijin Mining Group, Shandong Gold Group and Shandong Zhaojin Group accounts for about half of the total in China.
Chinese residents prefer to deposit and invest in noble metal like gold for its characteristics as a tradition. The consumption volume of gold was 985.90 tons in China in 2015 increasing by 34.81 tons at a rate of 3.66% compared to 2014. The jewelry gold accounts for over 70% of the total while other major consumption fields include gold bars, gold coins and industrial gold.
The average international gold price was as slump as 1,156.19 dollar/ounce with a decline of about 40% compared to April 2013. The output volume of gold fell for the first time with the slump price in 2015 while it will remain the world's leading manufacturer for nine consecutive years. The gold consumption recovered with the sales of jewelry in 2015. China becomes the world's largest gold processer and jewelry consumer with an increase of 14.52 tons YOY of jewelry gold.
Key Topics Covered:
1 Analysis on International Gold Market, 2013-2016
2 Analysis on Gold Production Industry in China, 2011-2016
3 Analysis on Major Gold Manufacturing Areas in China, 2011-2016
4 Analysis on Major Gold Manufacturers in China, 2013-2016
5 Market Analysis of Gold Derivatives in China, 2013-2016
6 Production Costs and Price Trend of Gold in China, 2013-2021
7 Prospect of Gold Industry in China, 2017-2021
- Hunan Chenzhou Mining Group Co., Ltd.
- Lingbao Gold Co., Ltd.
- Shandong Gold Group Co., Ltd.
- Shandong Humon Smelting Co., Ltd.
- Shandong Zhaojin Group Co., Ltd.
- Zhongjin Gold Corporation Limited
- Zijin Mining Group Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/jpjv73/research_report
Laura Wood, Senior Manager
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SOURCE Research and Markets