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Article: It Is Estimated That By 2010, China's Gold Output May Be About 280-300 Tons, And In The Forthcoming Five Years, The Annual Growth Rate Of China's Gold Output May Remain At 5% Approximately.
- Article from:
- Business Wire
- Article date:
- October 29, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c72844) has announced the addition of "China Gold Industry Report, 2007" to their offering.
In 2006, the sharp rise of gold price largely held down the consumption, especially the gold jewelry. According to the statistics of GFMS, the global gold consumption in 2006 was 3906 tons, down about 5%, of which jewelry consumption amounted to 2280 tons, decreasing nearly 427 tons.
As of 2006, China's newly-increased gold ore reserve had exceeded 650 tons, and the newly-explored reserve of the gold industry had been surpassing the production and consumption reserve for ...