Li Guohong, general manager of Shandong Gold Group says the company plans to produce over 55 tonnes gold every year in 2020.
Palladium futures ended at more than $1000 an ounce for the first time since 2001 due to its increasing global demand and short supply.
price review forecast
Ferrous metals mostly opened lower on October 30 and moved at lows for the whole day, closing with losses across the board.
Palladium prices have gained about 42% so far this year on the back of strong demand from booming car sales in the US.
Profits at above-scale Chinese industrial enterprises rose 27.7% year-on-year in September, up from 24% in August.
Chinese yuan’s central parity rate fell sharply today.
Gold output of this country reaches 157.19 tonnes from January to July this year, higher than 145.95 tonnes last year.
Some small and medium copper processing plants in Zhejiang were affected by environmental checks in August.
India's gold imports rose sharply in September as jewelers increased purchases ahead of a festival at the end of the month.
Chinese yuan’s central parity rate rose sharply for two days in a row.
Nickel supply and demand is balanced this year, and the price is estimated to go up next year.
Copyright @ 2017 SMM Inc. All rights reserved.