Trade Resources Industry Views China's Gold Output Edged up 1.6% Year on Year to 33.33 Mt in March

China's Gold Output Edged up 1.6% Year on Year to 33.33 Mt in March

China's gold output edged up 1.6% year on year to 33.33 mt in March, and jumped 7.3% year on year in the first quarter of 2014 to 96.50 mt, China Gold Association data showed.

China's March Gold Output Rises 2% on Year, Q1 Jumps 7%: CGA

The March output was 13.3% higher than that produced in February, according to Platts calculations based on CGA data.

Out of Q1's total output, 79.15 mt was from primary gold mines, up 5.9% year on year, CGA said in its report released Wednesday. The remaining 17.35 mt was by-product from nonferrous metal mines, up 14.5% year on year.

CGA did not indicate China's target output for 2014.

In 2013, China produced 428.16 mt of gold, up 6.2% from 2012.

China's gold consumption reached 322.99 mt in Q1 2014, up 0.8% year on year, according to a separate statement from CGA. Of that total, 232.53 mt comprised gold jewelry, up 30.2% year on year, and 67.95 mt gold bars, down 43.6%.

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China's March Gold Output Rises 2% on Year, Q1 Jumps 7%: CGA
Topics: Metallurgy