Tag Archives: China

Gold Hitting New All Times Highs in 2025!

February 8, 2025   China, Gold Discoveries, gold exploration, Mining   No comments

Gold has been hitting new all-time highs in early 2025 due to several key factors. Central banks worldwide are aggressively buying gold, reducing reliance on the US dollar amid geopolitical tensions. The US Federal Reserve’s shift towards cutting interest rates makes gold more attractive compared to yield-bearing assets. Inflation concerns continue to drive investors to gold as a hedge.

-Additionally, global economic uncertainty and potential US policy changes under President Trump, including tariffs and spending, add to the bullish sentiment. These elements combined suggest a strong demand for gold, pushing prices to historic levels as forecasted by various analysts.

 

Here are the top five countries for yearly gold production based on the most recent data available:

 

  1. China – Approximately 370 metric tons.
  2. Russia – Around 310 metric tons.
  3. Australia – Also around 310 metric tons.
  4. Canada – Approximately 200 metric tons.
  5. United States – Around 170 metric tons.
This ranking reflects production data from 2023, as sourced from various reports on gold production by country.
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Newest and Largest Gold Discovery 
The most recent large gold discovery in the world was reported in China, in the Wangu gold field located in Pingjiang County, Hunan Province. This discovery was announced in late 2024 and is estimated to contain over 1,000 tonnes of gold, potentially making it the largest known gold deposit in the world. The value of this deposit is estimated to be around $83 billion, or approximately 600 billion yuan.
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China Restricts Additional Rare Earth Metals

July 4, 2023   Batteries, Battery Minerals, Critical rare earth, Rare Earth Mineralization, Technology   No comments

China is continuing on its path of restricting export access to certain metals.

As of August 01, 2023 germaniun and gallium have been added to the list. This is in addition
to restrictions on various rare earth metals which began as export quotas around 2010.
China controls around 90% of the supply of rare earth minerals as well as control of technologies surrounding the manufacture of products using these metals.

China has been enacting a policy of increasing restrictions on exporting these metals and technologies
causing western countries to scramble to put together their own supply chains. A large premium has been put upon getting production into place since these various metals are essential to western defense department This puts them in the category of national security resources. Not to mention the electric vehicle explosion requires these metals as well as many other technologies developed in recent years such as wind turbines, batteries, solar devices and so on.

Here is a link to an article about the latest restrictions of germanium and gallium written by the publication TheHill.com.
TheHill.com article

 

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