Recently the CIBJO unveiled the report by Vaishali Banerjee, President-CIBJO Precious Metals Commission. The report said, the global economy showed resilience in 2024 with the growth of 3.2 percent, despite geopolitical tensions, persistent inflation and regional growth disparities.
According to the International Monetary Fund, the United States maintained steady growth at 2.8 percent, while China’s 4.7 percent growth, though supported by stronger-than-expected net exports, fell short of forecasts as weak consumption and sentiment weighed on the momentum. Inflation moderated across most economies, with global headline inflation projected to fall to 4.2 percent in 2025. The IMF projects global growth to hold steady at 3.3 percent in 2025.
In a world marked by economic divergence, inflation uncertainty, and geopolitical flux, precious metals – led by gold– continued to assert their relevance, not just as financial safe havens but as vital industrial assets and cultural touchstones.
Across metals mining, legislative reforms brought on in the United States, Mexico and El Salvador reflected a global recalibration toward stricter environmental and social governance, often with government asserting greater control while balancing resource security with sustainability.
Industry compliance with international standards such as those promoted by the World Gold Council and broader frameworks like ICMM (International Council of Mining and Metals) and TSM (Towards Sustainable Mining, programme developed by Mining Association of Canada) remains crucial for responsible operations.
There is a growing consensus to ensure mining developments to not compromise environmental stewardship, with ESG principles central to operational approval and project pipelines. Unfortunately, such evidence and the possible far-reaching consequences of positive sustainability-focused actions may still remain peripheral or unknown to many.
The report focuses on many headings; Gold Price, Gold Supply Gold demand, Sustainability and ESG, Platinum prices, Platinum Supply, Platinum Demand like other precious metals.
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