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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 | Mar 2014

Going for gold: Revenue to expand as demand from motor vehicle manufactures increases

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
JBR Recovery Ltd JBR Recovery Ltd market share
Johnson Matthey Plc Johnson Matthey Plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 09-14
4.8%
Annual Growth 14-19
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Profit
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Employment
730
Businesses
64
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 where it is used to manufacture catalytic converters. Gold and silver are both used for jewellery manufacturing and for investment purposes, though silver has many other industrial uses as well. The industry's performance has been highly volatile over the past few years, reflecting dramatic shifts in world prices of precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.27 billion in 2013-14, compared with £1 billion in 2008-09. This equates to compound annual revenue growth of 4.8% over the five-year period... purchase to read more

Industry Report - Industry Analysis Chapter

The main products manufactured by firms in the Precious Metals Production industry are refined silver, platinum and gold. Firms usually own the precious metals they refine, but some also engage in refining on a fee-for-service basis. The most straightforward method of operation is the refining of primary material taken directly from mines. However, due to the lack of precious metal mines in the United Kingdom, most domestic operations focus on the refining of scrap metal, extracting profitable precious metals contained within this material. This is a method adopted by major company Johnson Matthey, which specialises in refining platinum group metals from scrap and either owns the finished processed metal product or extracts it on behalf of a client... 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 metalprecious metal alloys


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