Global response to impending gold depletion
Global gold production has increased by 1%, reaching 3,670 tons annually, representing a 33% rise since 2010, driven by a fourfold surge in prices and investments by companies in modern mining technologies. China leads the list of the world's largest gold producers with 380 tons, followed by Russia, Australia, Canada, and the United States. However, the gold industry faces a "peak production" problem, as new discoveries have become scarce. The total amount of gold mined in history is estimated at around 216,000 tons, with the remaining reserves expected to be depleted within just 18 years. This poses a threat to future extraction efforts and highlights the importance of recycling.
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