Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 25, 2012 11:10:28

Chinese demand for silver will rise to record levels

ColosseumDemand for silver in China, which is the second largest consumer of the precious metal in the world, grow in the next year, probably by 10% to a new record. Analysts from Beijing Antaike Information Development expect consumption growth to 7700 tons. This increase in demand is likely about 6-8 percent. Approximately 33% of the total consumption is responsible jewelry area and production of coins for the rest of the industry. The growth should be greater investor interest, which stems from an attempt to preserve the value of wealth. Jewelry sales in China rose in the first 8 months up by 19.3%. Production of precious metal in the world's second largest economy would this year should be at 13,000 tons. and # 160;

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