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 Locations Chapter
The locations operators in the Precious Metals production industry are highly skewed towards London and the West Midlands, with no other regions having more than 10% of industry establishments.
London is the region with the highest proportion of industry establishments, with approximately 26.9% of establishment located in the region. London has long been a focus of the trade in precious metals, both in the United Kingdom and worldwide. Melt shops and other refining facilities were established there to be close to the physical market of precious metals. Some of those facilities, including those owned by Britannia Refined Metals and Baird & Co, retain that central location... purchase to read more