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Russian precious metal sales to China up 80% to $1 billion in H1 2025
Russia’s precious metals exports to China nearly doubled in value during the first half of 2025, according to the latest trade data. “Chinese imports of Russian precious metal ores and concentrates, including gold and silver, jumped 80% to $1 billion from the same period a year earlier,” Bloomberg reported Monday, citing data from Trade Data Monitor and China’s customs office. “Bullion prices have climbed about 28% this year, boosted by heightened geopolitical risks and trade tensions, alongside buying by central banks and exchange-traded funds.” Russia is the world’s number-two gold producer – second ... (full story)