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