Silver Rises Over 120% YTD 
Published: 05-09-2025, 10:45 am | Updated: 05-09-2025, 10:07 am
Yantai, known as the “Hometown of Gold,” has been China’s top gold producer for 39 consecutive years, with its reserves accounting for one-quarter of China’s total. The city is home to 86 gold companies above a designated size, with major corporations like Shandong Gold Group and Shandong Zhaojin Group leading the industry. In 2013, Yantai’s gold output reached 146.5 tons, representing 36.3% of China’s total production. The gold sector has expanded beyond mining to include tourism, with attractions drawing 1.5 million visitors annually, and jewelry manufacturing, with Zhaoyuan county becoming a major base for gold processing with an annual capacity of 200 tons of gold and silver products.
