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

IBISWorld’s Precious Metals Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
Annual Growth 11-16
Annual Growth 16-21
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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 - Starting a New Business Chapter

The barriers to entering the Precious Metals Production industry are high, due to the expense of machinery. The industry's machinery is highly specialised and it is usually more profitable for it to operate at high capacities. However, this means firms need to have access to sufficient volumes of inputs. Unless a new firm chooses to specialise in processing a particular type of waste material, in which case it might struggle to find enough volume, it will need to have the chemicals and machinery necessary to deal with a wide variety of input materials. This raises the cost of setting up. Operators may also need to obtain environmental permits and certification if their facilities produce hazardous substances... 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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