BIZCHINA / Top Biz News
China's silver consumption triples
(Xinhua)
Updated: 2006-08-07 16:20
China consumed 2,600 tons of silver in 2005, nearly three times the
volume of twenty years ago, said sources with the Gemological Association
of China.
But the country exports even more than it consumes. With an all-time
record production of 7,196 tons of silver in 2005, China has become the
world's third biggest silver supplier.
Exports of silver rose to 4000 tons in 2006, up by a third from the 3050
tons notched up in 2004.
Consumption at home surged 190 percent to 2600 tons in 2005 from a modest
900 tons in 1985. Despite the constant fluctuations in the prices of gold
and silver on the international market, China's silver consumption has
continued to grow steadily in recent years, said the association.
(For more biz stories, please visit Industry Updates)
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