Digitization heats up precious metal demand
The growing digitalization requires more and more precious metals in devices that we use every day. Gold also counts
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Gold has significance not only as a vehicle for preserving value, jewellery, bars or coins, but also increasingly in the technology sector. Gold is valued in contacts, chips and as conductor material. Because many electronic devices work with very low voltages and they use gold because it serves as a corrosion-free and reliable conductor.
Gold is also used in computers, in switches, solder joints or connecting wires. And since 2017, consumption in this industry has been rising. The World Gold Council forecasts a further increase in demand for this precious metal from the technology sector over the coming decades.
Particularly innovative products, such as networked household appliances, are increasingly finding their way into everyday life. Whether flexible electronic devices - solar cells to take away - or self-propelled cars or fuel cells, they all need gold.
This gold, which is necessary for many things, as mentioned at the beginning, is produced by gold companies such as Sibanye-Stillwater. The company has gold projects in the productive Witwatersrand Basin in South Africa. Sibanye-Stillwater is also a major platinum and palladium producer with production facilities in South Africa and North America.
In Mongolia, Steppe Gold will soon be among the gold producers with its ATO gold project. The first gold is to be poured on the silver and gold project in the first half of 2019. Particularly positive are the low production costs and the low capital costs and high gold contents. Near this flagship project, Steppe Gold has completed a 20,000 metre drill program at Mungu. Exploration on the Uudam Khundii Project has also begun.
Current company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd.html) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html).
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