Industry Analysis & Industry Trends
The main products manufactured by the Precious Metals Production industry are refined silver, platinum and gold. Platinum sales are heavily influenced by the automotive industry as the commodity is used to manufacture catalytic converters. Gold and silver are both used for jewellery manufacturing and investment purposes, though silver has many other industrial applications as well. The industry's performance has been highly volatile over the past few years, reflecting dramatic shifts in the world prices of precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.3 billion in 2014-15, compared with £874.5 million in 2009-10. This equates to compound annual revenue growth of 8.9%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Precious Metals Production industry is in the mature stage of its life cycle, despite the industry's growing contribution to the UK economy. Industry value added is expected to grow at a compound annual rate of 7.8% over the 10 years through 2019-20. Over the same period the UK economy is expected to grow at a compound annual rate of 2.1%. This shows that the industry is growing at a faster rate than the UK economy and is subsequently contributing a growing portion to the economy. This would usually signify that the industry is in the growth phase of the industry life cycle, but rocketing precious metal prices are the key factor informing the industry's impressive growth.
The number of active industry establishments and enterprises has been in decline for several years now... purchase to read more