The London Bullion Market Association (LBMA), in its latest report, published data regarding the origin of bullion that it deals with. This is the first time that the association is publishing such data. The annual report for the year 2018 highlights the various steps of action taken by it towards successful implementation of responsible sourcing guidelines.
The report says that only less than 50% of gold processed by major refiners during the year came from large industrial mines. The LBMA-accredited refiners processed 4,836 tonnes of gold in 2018. At current market prices, this is valued at around $300 billion.
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