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Swiss gold refineries reopen as virus lockdown eases
By Peter Hobson
Reuters
Monday, May 4, 2020
LONDON -- Two of the world's biggest gold refiners, Valcambi and Argor-Heraeus, are restoring almost all operations after Switzerland relaxed coronavirus lockdown measures, they said today.
The decisions end six weeks of partial or full closure that disrupted global gold supply and helped to drive prices in New York and London further apart than they have been in decades.
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Valcambi, Argor, and another refiner, PAMP, are near the Swiss border with Italy, which has suffered one of Europe's worst coronavirus outbreaks.
Together they process about 1,500 tonnes of gold a year -- equivalent to a third of global supply -- in the world's most important refining centre, purifying mined material and reshaping metal moving between markets that use different bar sizes. ...
... For the remainder of the report:
https://www.reuters.com/article/us-gold-refining-switzerland/swiss-gold-...
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