China Sets Ambitious Targets to Boost Gold Resources and Precious Metals Output by 2027

New Government Plan Aims to Increase Gold Reserves by Up to 10% and Enhance Gold and Silver Production

BEIJING, 23 June 2025 – In a significant move to bolster its influence in the global precious metals market, China has unveiled a strategic plan to boost its gold resources and production by 2027. According to an implementation plan released on Monday by China’s Ministry of Industry and Information Technology, the country aims to increase its domestic gold resources by 5% to 10% and raise its gold and silver output by more than 5% over the next three years.

This initiative aligns with China's broader economic and industrial strategies aimed at securing critical mineral resources, enhancing self-reliance, and strengthening its global footprint in commodities essential for financial stability and industrial development.

Strategic Objectives of the Plan

The implementation plan outlines a series of targets and policy measures designed to:

• Increase national gold reserves through enhanced exploration and technological innovation in mining.

• Boost domestic production of gold and silver by modernising existing facilities and encouraging investment in new projects.

• Improve the efficiency and sustainability of the gold industry through the adoption of green mining practices.

• Promote mergers and consolidation within the industry to create stronger, globally competitive enterprises.

By setting concrete production targets and resource goals, the Chinese government is sending a clear signal of its long-term commitment to resource security and financial resilience.

Strengthening China’s Position in the Global Precious Metals Market

As the world's largest producer and consumer of gold, China plays a pivotal role in global precious metals markets. This new plan reflects its intent to solidify its strategic dominance amid geopolitical uncertainties and fluctuating commodity prices.

With central banks, including China’s, continuing to accumulate gold reserves as a hedge against currency risk and inflation, increasing domestic gold production is also seen as a way to reduce reliance on imports and enhance monetary sovereignty.

Economic and Geopolitical Implications

Industry analysts suggest that this initiative could have several far-reaching implications:

• Increased competition in global gold markets, potentially influencing global supply chains and pricing trends.

• Enhanced influence over precious metal pricing mechanisms, especially if China increases the visibility and trading volume of its domestic exchanges.

• Greater leverage in geopolitical negotiations, as control over strategic resources like gold becomes an increasingly important element of national power.

Furthermore, by reinforcing its mining sector, China could stimulate regional economic growth and job creation, particularly in provinces rich in mineral resources such as Shandong, Henan, and Inner Mongolia.

Sustainability and Technological Development

The plan also emphasises the importance of sustainable development, encouraging the use of clean technologies and environmentally friendly mining techniques. This reflects growing domestic and international pressure to align resource development with climate goals and responsible investment standards.

In parallel, the government is expected to ramp up support for research and innovation in mineral processing, refining, and metallurgical techniques to improve the competitiveness and efficiency of the industry.

Looking Ahead

China’s strategic blueprint for expanding its gold and silver production by 2027 is a clear indication of its long-term vision for economic resilience, resource control, and industrial strength. As global demand for safe-haven assets remains strong, China’s role in shaping the future of precious metals markets will be closely watched by investors, governments, and industry leaders worldwide.

(Sources: investing.com, ChatGPT)