KGHM Polska Miedź SA has launched investment bars for individual customers. The company announced that gold and silver bars in weights ranging from 1 ounce to 1 kg are available from reputable mints. Until now, KGHM's precious metals were primarily available to business customers.
As stated in the press release, KGHM does not conduct direct sales of gold and silver bars; a list of entities where they are available is available on the company's website.
KGHM is the world's second-largest silver producer, producing approximately 1,200 to 1,400 tons of the metal annually. Gold production, however, exceeds 2 tons annually. Previously, KGHM offered gold bars and silver ingots only in larger weights. Therefore, they were primarily targeted at business customers. Currently, the company is expanding its offerings, introducing six new bar types in weights: 1 oz (approximately 31.1 g), 50 g, 100 g, 250 g, 500 g, and 1000 g.
Advertisement See also: Awaken your inner stock market bull! With us, it costs nothing to go overboard.
Gold and silver bars are produced in the Precious Metals Department of the Głogów Copper Smelter.
Gold has long enjoyed a reputation as an asset that protects the value of money in times of uncertainty. Silver, on the other hand, due to its properties, is an irreplaceable raw material in many industries, including jewelry and medicine, company representatives emphasized in a press release.
Silver, as noted, also plays a key role in the energy transition thanks to its excellent electrical conductivity. Therefore, forecasts indicate an increase in demand for this precious metal in the coming years.
Gold and silver are the most popular precious metals chosen by investors around the world.
KGHM Polska Miedź S.A. mines and processes natural resources, including copper and silver. Listed on the Warsaw Stock Exchange, the company has assets in Europe and the Americas and employs over 34,000 people. KGHM's largest shareholder is the State Treasury, which owns 31.79% of the company's shares. Allianz Otwarty Fundusz Emerytalny holds a 5.98% stake in KGHM, and Nationale-Nederlanden Otwarty Fundusz Emerytalny holds a 5.05% stake.
KGHM is Europe's largest producer of copper, considered a strategic raw material for the European Union. It accounts for nearly 50 percent of EU copper mining production. (PAP)
kak/ malk/
