IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v82y2023ics0301420723002957.html
   My bibliography  Save this article

Uncovering the key features of gold flows and stocks in China

Author

Listed:
  • Liu, Sijie
  • Geng, Yong
  • Gao, Ziyan
  • Li, Jinze
  • Xiao, Shijiang

Abstract

Gold is an important strategic mineral resource in China, mainly used in jewelry, investment, catalysts, emerging industries, and other fields. With the influence of increased geopolitical risks, energy crisis, housing costs, food prices and other factors, global inflation is becoming increasingly severe. As one of the best performing assets addressing stagflation, the price of gold continues to rise. This study aims to investigate gold metabolism in China from 2001 to 2020 by employing dynamic material flow analysis. The results show that China's gold consumption gradually increased, in which the jewelry sector had the largest gold consumption, while the gold coin and several industrial sectors also increased their gold consumptions. Also, the domestic gold production cannot meet its future gold demand, and the domestic gold recycling is still immature. Based on these research findings, policy recommendations for sustainable gold resource management are proposed, including the optimization of gold trade structure, the development of gold recycling network.

Suggested Citation

  • Liu, Sijie & Geng, Yong & Gao, Ziyan & Li, Jinze & Xiao, Shijiang, 2023. "Uncovering the key features of gold flows and stocks in China," Resources Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002957
    DOI: 10.1016/j.resourpol.2023.103584
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723002957
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.103584?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Xiaoxu Song & Shanying Hu & Dingjiang Chen & Bing Zhu, 2017. "Estimation of Waste Battery Generation and Analysis of the Waste Battery Recycling System in China," Journal of Industrial Ecology, Yale University, vol. 21(1), pages 57-69, February.
    2. David Laner & Helmut Rechberger & Thomas Astrup, 2014. "Systematic Evaluation of Uncertainty in Material Flow Analysis," Journal of Industrial Ecology, Yale University, vol. 18(6), pages 859-870, December.
    3. Cheng, Yingchao & Watari, Takuma & Seccatore, Jacopo & Nakajima, Kenichi & Nansai, Keisuke & Takaoka, Masaki, 2023. "A review of gold production, mercury consumption, and emission in artisanal and small-scale gold mining (ASGM)," Resources Policy, Elsevier, vol. 81(C).
    4. Ge, Zewen & Geng, Yong & Wei, Wendong & Zhong, Chen, 2022. "Assessing samarium resource efficiency in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 76(C).
    5. Gao, Cuixia & Xu, Yufei & Geng, Yong & Xiao, Shijiang, 2022. "Uncovering terbium metabolism in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 79(C).
    6. Park, Jeong-a & Hong, Seok-jin & Kim, Ik & Lee, Ji-yong & Hur, Tak, 2011. "Dynamic material flow analysis of steel resources in Korea," Resources, Conservation & Recycling, Elsevier, vol. 55(4), pages 456-462.
    7. Min Liu & Yuanjie Pang & Bo Zhang & Phil De Luna & Oleksandr Voznyy & Jixian Xu & Xueli Zheng & Cao Thang Dinh & Fengjia Fan & Changhong Cao & F. Pelayo García de Arquer & Tina Saberi Safaei & Adam Me, 2016. "Enhanced electrocatalytic CO2 reduction via field-induced reagent concentration," Nature, Nature, vol. 537(7620), pages 382-386, September.
    8. Salisu, Afees A. & Olaniran, Abeeb & Lasisi, Lukman, 2023. "Climate risk and gold," Resources Policy, Elsevier, vol. 82(C).
    9. Zhao, Guimei & Geng, Yong & Wei, Wendong & Bleischwitz, Raimund & Ge, Zewen, 2023. "Assessing gadolinium resource efficiency and criticality in China," Resources Policy, Elsevier, vol. 80(C).
    10. Joof, Foday & Samour, Ahmed & Ali, Mumtaz & Tursoy, Turgut & Haseeb, Mohammad & Hossain, Md. Emran & Kamal, Mustafa, 2023. "Symmetric and asymmetric effects of gold, and oil price on environment: The role of clean energy in China," Resources Policy, Elsevier, vol. 81(C).
    11. Zhu, Xiangyan & Geng, Yong & Gao, Ziyan & Tian, Xu & Xiao, Shijiang & Houssini, Khaoula, 2023. "Investigating zirconium flows and stocks in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 80(C).
    12. Ziyan Gao & Yong Geng & Xianlai Zeng & Xu Tian & Tianli Yao & Xiaoqian Song & Chang Su, 2022. "Evolution of the anthropogenic chromium cycle in China," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 592-608, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guo, Tianjiao & Geng, Yong & Song, Xiaoqian & Rui, Xue & Ge, Zewen, 2023. "Tracing magnesium flows in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 83(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhu, Xiangyan & Geng, Yong & Gao, Ziyan & Tian, Xu & Xiao, Shijiang & Houssini, Khaoula, 2023. "Investigating zirconium flows and stocks in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 80(C).
    2. Guo, Tianjiao & Geng, Yong & Song, Xiaoqian & Rui, Xue & Ge, Zewen, 2023. "Tracing magnesium flows in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 83(C).
    3. Zhao, Guimei & Geng, Yong & Wei, Wendong & Bleischwitz, Raimund & Ge, Zewen, 2023. "Assessing gadolinium resource efficiency and criticality in China," Resources Policy, Elsevier, vol. 80(C).
    4. Adriano Cordisco & Riccardo Melloni & Lucia Botti, 2022. "Sustainable Circular Economy for the Integration of Disadvantaged People: A Preliminary Study on the Reuse of Lithium-Ion Batteries," Sustainability, MDPI, vol. 14(13), pages 1-15, July.
    5. Yang, Honghua & Ma, Linwei & Li, Zheng, 2023. "Tracing China's steel use from steel flows in the production system to steel footprints in the consumption system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 172(C).
    6. Nguyet Thi Tran & Dirk Weichgrebe, 2020. "Regional material flow behaviors of agro‐food processing craft villages in Red River Delta, Vietnam," Journal of Industrial Ecology, Yale University, vol. 24(3), pages 707-725, June.
    7. Gauffin, Alicia & Andersson, Nils Å.I. & Storm, Per & Tilliander, Anders & Jönsson, Pär G., 2017. "Time-varying losses in material flows of steel using dynamic material flow models," Resources, Conservation & Recycling, Elsevier, vol. 116(C), pages 70-83.
    8. Tomer Fishman & Rupert J. Myers & Orlando Rios & T.E. Graedel, 2018. "Implications of Emerging Vehicle Technologies on Rare Earth Supply and Demand in the United States," Resources, MDPI, vol. 7(1), pages 1-15, January.
    9. Yiqi Zhang & Yuan Chang & Changbo Wang & Jimmy C. H. Fung & Alexis K. H. Lau, 2022. "Life‐cycle energy and environmental emissions of cargo ships," Journal of Industrial Ecology, Yale University, vol. 26(6), pages 2057-2068, December.
    10. Dominik Noll & Christian Lauk & Willi Haas & Simron Jit Singh & Panos Petridis & Dominik Wiedenhofer, 2022. "The sociometabolic transition of a small Greek island: Assessing stock dynamics, resource flows, and material circularity from 1929 to 2019," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 577-591, April.
    11. Didzis Rutitis & Anete Smoca & Inga Uvarova & Janis Brizga & Dzintra Atstaja & Inese Mavlutova, 2022. "Sustainable Value Chain of Industrial Biocomposite Consumption: Influence of COVID-19 and Consumer Behavior," Energies, MDPI, vol. 15(2), pages 1-27, January.
    12. Jie Xu & Xiong-Xiong Xue & Gonglei Shao & Changfei Jing & Sheng Dai & Kun He & Peipei Jia & Shun Wang & Yifei Yuan & Jun Luo & Jun Lu, 2023. "Atomic-level polarization in electric fields of defects for electrocatalysis," Nature Communications, Nature, vol. 14(1), pages 1-9, December.
    13. Qiyou Wang & Kang Liu & Kangman Hu & Chao Cai & Huangjingwei Li & Hongmei Li & Matias Herran & Ying-Rui Lu & Ting-Shan Chan & Chao Ma & Junwei Fu & Shiguo Zhang & Ying Liang & Emiliano Cortés & Min Li, 2022. "Attenuating metal-substrate conjugation in atomically dispersed nickel catalysts for electroreduction of CO2 to CO," Nature Communications, Nature, vol. 13(1), pages 1-10, December.
    14. Van Eygen, Emile & Feketitsch, Julia & Laner, David & Rechberger, Helmut & Fellner, Johann, 2017. "Comprehensive analysis and quantification of national plastic flows: The case of Austria," Resources, Conservation & Recycling, Elsevier, vol. 117(PB), pages 183-194.
    15. Wang, Peng & Li, Wen & Kara, Sami, 2017. "Cradle-to-cradle modeling of the future steel flow in China," Resources, Conservation & Recycling, Elsevier, vol. 117(PA), pages 45-57.
    16. Dominik Noll & Christian Lauk & Veronika Gaube & Dominik Wiedenhofer, 2020. "Caught in a Deadlock: Small Ruminant Farming on the Greek Island of Samothrace. The Importance of Regional Contexts for Effective EU Agricultural Policies," Sustainability, MDPI, vol. 12(3), pages 1-19, January.
    17. Huang, Chu-Long & Vause, Jonathan & Ma, Hwong-Wen & Yu, Chang-Ping, 2012. "Using material/substance flow analysis to support sustainable development assessment: A literature review and outlook," Resources, Conservation & Recycling, Elsevier, vol. 68(C), pages 104-116.
    18. Georg Schiller & Tamara Bimesmeier & Anh T.V. Pham, 2020. "Method for Quantifying Supply and Demand of Construction Minerals in Urban Regions—A Case Study of Hanoi and Its Hinterland," Sustainability, MDPI, vol. 12(11), pages 1-23, May.
    19. Ji Wei Sun & Xuefeng Wu & Peng Fei Liu & Jiacheng Chen & Yuanwei Liu & Zhen Xin Lou & Jia Yue Zhao & Hai Yang Yuan & Aiping Chen & Xue Lu Wang & Minghui Zhu & Sheng Dai & Hua Gui Yang, 2023. "Scalable synthesis of coordinatively unsaturated metal-nitrogen sites for large-scale CO2 electrolysis," Nature Communications, Nature, vol. 14(1), pages 1-13, December.
    20. Nguyen-Tien, Viet & Dai, Qiang & Harper, Gavin D.J. & Anderson, Paul A. & Elliott, Robert J.R., 2022. "Optimising the geospatial configuration of a future lithium ion battery recycling industry in the transition to electric vehicles and a circular economy," Applied Energy, Elsevier, vol. 321(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002957. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.