Loading ...Three of the world’s biggest gold refineries said they will partially reopen after a two-week closure that disrupted the global supply of the metal.
Valcambi, Argor-Heraeus and PAMP, located near the Swiss border with Italy, were shut by a local government order on March 20 which closed non-essential industry to contain the spread of the coronavirus.
Together they process about 1,500 tonnes of gold a year — equivalent to a third of global supply — and are a key transit point, purifying mined material and reshaping metal moving between markets that require gold in different sizes and shapes.
Swiss gold refiners to resume work, easing supply constraints