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Top related persons:
Nikos Kavalis - 2 Shaun Rein - 1 Rein - 1 Taobao - 1 Pinduoduo - 1 Alexander Manzyuk - 1 hastening - 1 Russia's Nornickel - 1
Top related locs:
Zhejiang Province China scammers Nantong Siberian Krasnoyarsk Russia Ukraine
Top related orgs:
Metals - 2 Visual China - 1 Getty - 1 Research - 1 India - 1 World Gold - 1 ChinaFotoPress - 1 REUTERS - 1

Search resuls for: "Nikos Kavalis"


2 mentions found


☆ China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry
  + stars: | 2024-05-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +3 min
Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Thousands of people in China have been duped into forking out money on "fake gold" — inferior or artificial gold — after trying to purchase so-called "999 gold" online, according to the government. The purest form of gold is commonly referred to as 999 gold, because it has gold content of 99.9%. "Fake gold is becoming a major problem in China as more Chinese are looking to put their savings into gold," said China Market Research Group's Managing Director Shaun Rein. Fake gold gets darker or reveals a greenish color when placed under flame, while pure gold turns brighter on exposure to heat.
Persons: Shaun Rein, Nikos Kavalis, Rein, Taobao, Pinduoduo Organizations: Visual China, Getty, Research, India, World Gold, Metals, ChinaFotoPress Locations: Zhejiang Province, China, scammers, Nantong
☆ Palladium's slide accelerates on prospects for surplus next year
  + stars: | 2023-11-10 | by ( Brijesh Patel Ashitha Shivaprasad | Brijesh Patel | Ashitha Shivaprasad | ) www.reuters.com   time to read: +3 min
Down 45% so far this year, palladium is on course for its worst year of losses since 2008, when the financial crash hit demand. Top producer Russia's Nornickel expects the palladium market to swing to a surplus of 300,000 ounces in 2024 from a 200,000-ounce deficit in 2023 due to supplies, boosted by recycling, outpacing demand. Consultancy Metals Focus forecasts above-ground palladium stocks of about 11.64 million ounces in 2023, compared with 12.35 million in 2022 and 12.89 million in 2021 - meaning ample supplies. In March 2022, palladium was trading at more than double the price of platinum, prompting a switch by automakers. However, longer-term Metals Focus is quite bearish on palladium," said Nikos Kavalis, managing director at Metals Focus.
Persons: Alexander Manzyuk, hastening, Russia's Nornickel, John Meyer, Edward Meir, Nikos Kavalis, Brijesh Patel, Harshit Verma, Ashitha, Anjana Anil, Anushree Mukherjee, Abhijith, Arpan Varghese, Pratima Desai, Hugh Lawson Organizations: REUTERS, Russia, ICE, International Energy, Consultancy, Metals, Thomson Locations: Siberian, Krasnoyarsk, Russia, Ukraine, Bengaluru
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