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Precious Metals Production in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Precious Metals Production Market Research Report | SIC C24.410 | May 2015

Pedal to the metal: Stronger demand from industry should help the industry go for gold

The Precious Metals Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Baird & Co Ltd Baird & Co Ltd market share
Johnson Matthey Plc Johnson Matthey Plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 11-16
8.7%
Annual Growth 16-21
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Profit
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Employment
626
Businesses
51
Industry Analysis & Industry Trends

Since there are currently no commercial precious metal mines in the United Kingdom, operators in the Precious Metals Production industry recycle gold, silver and platinum group metals from a range of materials. Platinum sales are heavily influenced by the automotive industry as the commodity is used to manufacture catalytic converters, which help to clean exhaust gases. Gold and silver are both used to make jewellery and have a variety of industrial uses, but they are also popular with investors, who see them as a safe haven for their money when returns elsewhere are uncertain. This investment demand means gold and silver prices fluctuate much more radically than would otherwise be expected.

Fluctuations in global financial markets mean industry revenue has been very volatile... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Precious Metals Production industry has a high level of market share concentration. The four largest operators in the industry are expected to have a combined market share of 79.3% in 2015-16. However, the market is heavily dominated by the leading two operators, Johnson Matthey plc and Baird & Co Ltd, which together account for an estimated 73% of industry revenue. Apart from these firms, most companies in the industry are fairly small – according to ONS figures, 80% of operators employed fewer than 10 people in 2014. Nonetheless, it is still possible to generate significant amounts of revenue with a small workforce because precious metals are so valuable... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Precious Metals Production Industry?

Firms in this industry refine precious metals like gold, silver and platinum. They also produce precious metal alloys and offer plating services.

Industry Products
Refined gold and gold alloysRefined silver and silver alloysRefined platinum group metals and associated alloys
 
Industry Activities
Refining precious metals Recycling precious metalRolling or plating base metal with precious metalProducing precious metal alloys


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