Foreign media: Driven by continuously soaring gold prices and strong investment demand, China's gold recycling industry is experiencing its fastest expansion in a decade.
According to the report, the number of newly registered enterprises related to gold recycling in China (primarily engaged in the acquisition and resale of gold bars and gold jewelry) reached 740 in 2025, surging 78.74% year-on-year. The report's authors described this growth rate as "explosive." In 2026, the momentum remains strong, with 488 new registrations within just five months—exceeding half of last year’s total annual figure.
Looking at existing enterprises, more than half of China’s current gold recycling-related companies were established within the past three years, with those founded less than one year ago accounting for the highest proportion—nearly 30%.
Geographically, these enterprises are highly concentrated in southern and eastern China. South China accounts for the largest share at 35.39%, followed closely by East China at 29.43%. The report attributes this distribution to the region’s vibrant gold consumption market and well-established trade and circulation networks.
The macro backdrop for this industry expansion is an unprecedented rise in gold prices—driven by escalating geopolitical tensions and the global trend toward de-dollarization. Spot gold prices soared to nearly $5,600 per ounce in early January this year, reaching a historical high, before slightly retreating due to market volatility.
Original source: toutiao.com/article/1865428843729931/
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