Gold production in China, after reaching an all-time high in 2014 before a subsequent downtrend, is expected to grow by 4.7% to 12,251koz (thousand ounces) in 2021 - mainly due to the easing of regulatory restrictions on gold import and export
In H1 2021, China’s output fell by 10.2% to 5,386.3koz, compared to H1 2020, partly due to a safety-related stoppage at the Hushan Gold mine in Shandong province in Q1 2021, which continued to disrupt operations in the second quarter of the year
Over the forecast period (2021–2025), the country’s gold output is expected to grow at a CAGR of 1.1%, to reach 12,821koz by 2025. GlobalData is tracking nine upcoming projects which are under construction with a combined gold production capacity of more than 60koz and are expected to commence production by 2022
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