China Gold Mining to 2024-Updated with Impact of COVID-19
- December 2020
- 44 pages
GlobalData's "China Gold Mining to 2024 - Updated with Impact of COVID-19" provides a comprehensive analysis of the Chinese gold industry. The report provides historical and forecast data on Chinas gold production, production by major producers, reserves, top gold mines by reserves and insight on the impact of COVID-19 on the countrys gold mining industry. Demand section provides information on the countrys domestic gold demand which mainly comes from jewellery and bar and coins. The report also concludes profiles of the major gold producers and information on their major active, planned and exploration projects.
China is the worlds largest gold producer and consumer. It had a total of 2,000 tonnes (t) gold reserves as of January 2020, accounting for 4% of the global reserves. Chinas gold production has been negatively affected by the COVID-19 pandemic in Q1 2020, and together with the impact of the trade war with the US and strict environmental regulations, the production is expected to fall by 7% in 2020. Chinas gold consumption is mainly meant for jewellery use, representing 73% of total gold consumption, while the remaining 27% was used for bars and coins. The overall consumption is expected to contract by 14.2% in 2020, due to a strong increase in gold prices, along with heavy impact of pandemic over the beginning of the year. The restrictions imposed by the Chinese government over gold, has subdued the countrys value of imports with a fall of 4.1% in 2019.
- The report contains an overview of Chinas gold mining industry along with a scope of domestic demand which mainly consists of jewellery and bar and coins consumption.
- It also provides detailed information on reserves, gold production, production by company, major operating mines, competitive landscape, major exploration and development projects and gold prices.
Reasons to Buy
- To gain an understanding of Chinese gold mining industry and its domestic demand
- Comprehensive evaluation of the impact of COVID-19 on the Chinas gold mining industry
- To understand historical and forecast trend on Chinas gold production
- To assess the key gold players in Chinese gold mining industry
- To gain an understanding of major active, exploration and development projects in China
- To understand the domestic gold demand for jewellery and bar and coins use.
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