H1 update and outlook 25th july 2019 gfms gold survey 2019. Gold demand trends demand for gold latest data goldhub. Gold demand up, although supply also stronger research 09 november 2018. In the summer of 2015, the peoples bank of china began sharing its gold purchasing activity on a monthly basis for the first time since 2009. Total net purchases for the first six months of 2019 rose to 374. H2 update and outlook 29th january 2020 acknowledgements the estimates shown in gfms, refinitiv platinum group metals survey for the main. The perth mint is a major sponsor of the gmfs gold survey.
Recycled cell phonesa treasure trove of valuable metals. The technology of gold recycling there are two types of source materials for gold recycling, each with. As chinese wholesale demand, measured by withdrawals from shanghai gold exchange. In the gold survey 2016 report by gfms that covers the global gold market for calendar year 2015 chinese gold consumption was assessed at 867 tonnes. At the end of march, thomson reuters gfms released its gold survey 2017, looking at the developments in the global gold market and the future of gold prices. Interactive map is the most direct visual way to see the key factors that affect. This statistic shows the growth of the demand for refined copper worldwide in 2015 and 2016, with forecasted figures for 2017 to 2021. Gfms gold survey 2018 tonnes africa south africa ghana dem. Unlike petroleum, which is destroyed in use, gold can be reused and recycled. Reports are available immediately on release in the original pdf format and can be viewed, downloaded or saved at the touch of a button.
Peak gold is the date at which the maximum rate of global gold extraction is reached. Old gold scrap 1,591 1,371 14% 772 819 663 708 628 5% net producer hedging na 12 na. Copies of each years report are available below in pdf format. Lastly, glencore suspended production at katanga in september 2015 and also announced a partial suspension at mopani.
Thomson reuters just published the gfms gold survey. The regions of papua and west papua, both part of indonesia nowadays, constitute the islands. However, page 10 of the gfms 2015 gold report, makes it abundantly clear that there are 3 components to total global gold supply in its model. This was announced by union tribal affairs minister jual oram on 29th october, 2015. The estimates shown in gfms gold survey for the main components of. The gfms gold survey 20 update 1 states on page 22 that over the. The main cause was a fall in investment demand for gold bars and gold backed etfs, partly due to rangebound gold. The gfms 2018 gold survey is sponsored by tanaka precious metals and valcambi suisse.
Gfms gold survey 2019 may 2019 2019 base metals report april 2019 world silver survey april 2019. The headline is that physical gold demand declined 30 percent yearonyear in the third quarter of 2016 due to sharply higher prices at the start of. Below are the top 10 countries with the largest gold holdings, beginning with india. Gold peaked in early july, and silver in early august, but the subsequent declines have been modest.
According to the gfms team, 2016 can be viewed in many respects as the mirror image of 20 for the gold. The asian financial crisis in the late 1990s boosted. The silver institute has since 1990 published world silver survey, an annual report on the global silver market. According to the gfms gold survey, the output of the preponderant mineral, gold, expanded from 107. Introduction 5 platinum in 2015 6 palladium in 2015 7 rhodium in 2015 9 outlook 9 2. Crucially, both mines are to come back on line on the completion of. The ups and downs of gold recycling boston consulting.
Debunking the thomson reuters gfms gold survey 2016 report. Nse ifmr survey 2016 gold is more than 1% of monthly consumption only for the 10% richest rural consumers, while it is consistently a larger share of the urban consumers spend gold is the second largest asset for rural households, comprising 45% of total savings for. One factor that might be limiting the declines and is also one of the most overlooked is. World silver survey 2019 11th new york april 2019 11th dubai april 2019 12th mexico city april 2019 gfms gold survey 2019. Gfms gold survey 2015 the 40% drop in bar and coin. The survey provides market participants with supply and demand statistics for key sectors of the silver market, as well price and trade data. Gold survey 20 prepared by thomson reuters gfms gold survey 20 thom so n reuters gfms. Thanks to ongoing political uncertainty, gold is expected to reach an annual price performance that has not been seen since 20, gfms said in its gold survey 2018 report released on tuesday may 8. According to the gfms gold survey q2 report, gold mining supply fell by 2. From good delivery bars to kilobars the swiss refineries. See the commodities supply chain in action, right before your eyes from extraction, production to transportation. Gfms surveys and forecasts, and the mine economics database provided via the thomson reuters eikon platform reports. Reports are available immediately on release in the original pdf format and can be.
Mine production increased for a sixth successive year in 2014, rising by 2% to a record volume of 3,3 tonnes. Gfms gold survey 2015 the performance of the ghanaian mining industry in 2014 the outturn of the countrys minerals sector was relatively subdued in 2014. Spectacular chinese gold demand 2015 fully denied by gfms. Data from thomson reuters gfms gold survey shows that global mine production of gold increased marginally from 3,208 tonnes in 2015 to 3,222 tonnes in 2016, representing a growth rate of 0. The lbmas shifting stance on gold refinery production statistics, in which i explained how the london bullion market association lbma had, on wednesday 5 august, substantially lowered its 20 gold and silver refinery production statistics literally a few days after i had commented on the sizeable figure of. Gold mining yields strongly positive cash flows but barely meets allin costs. Papua new guinea is an oceanian country located in the eastern half of the island of new guinea. Although china comes in sixth for most gold held, the yellow metal accounts for only a small percentage of its overall reserves a mere 2. Chinas copper consumption growth however, is expected to slow down to an annual. At the end of march, thomson reuters gfms released its gold survey 2016, looking at the developments in the global gold market and the future of gold prices. Central banks and other institutions world gold council. New information provides a more detailed perspective on the chinese domestic gold market. Published january 2014 by thomson reuters gfms the thomson reuters building, 30 south colonnade london, e14 5ep, uk.
In 2011, gfms estimated 240 tonnes net sale of gold. In early september 2015, i wrote an article titled moving the goalposts. In 2016, the growth in demand for refined copper was 2. Gfms gold survey, 2016 the performance of the ghanaian mining industry in 2015 the gfms gold survey 2016 reports that total gold output in ghana shrank by nearly 12 percent to 95 tonnes in 2015, relative to 107 tonnes in 2014. Refinitiv is one of the worlds largest providers of financial markets data and infrastructure. This is the twentyninth edition of the world silver survey produced by the gfms team at thomson reuters for the silver institute. Reuters gfms data on gold supplydemand as shown in the summary table. According to hubbert peak theory, after the peak, the rate of production declines until it approaches zero. This unique set of qualities has made it a coveted object for most of human history in almost every civilization, and there have been active gold markets for over. False rally for stock market as global economy slumps. Thomson reuters is one of the best sources of information for businesses and professionals, and its gfms team is the worlds leading consultant in precious metals. Thomson reuters gfms gold survey estimates that at the end of 20 the. Gold focus 2015, metals focus gold mine cost service global average production costs of gold 549 631 721 751 19 07 906 1041 1187 1256 1224 1175 65 10 400 600 800 1200 1400 1600. Silver, gold and base metals prices 200 220 silver 180 0 0 tin 140 160 a n 101 nickel 120 n dex j copper gold 80 i 100 zinc 60 jan10 aprp10 jul10 oct10 jan11 source.
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