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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 2016

A silver lining: The industry is anticipated to shine up over the next five years

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
The Royal Mint Ltd The Royal Mint Ltd market share
Industry Statistics & Market Size
Revenue
£682m
Annual Growth 11-16
-1.0%
Annual Growth 16-21
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Profit
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Employment
651
Businesses
52
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 group metals sales are heavily influenced by the automotive industry as the commodity is used to manufacture catalytic converters, which help to clean exhaust gases. In general, platinum is used in the catalysts for diesel vehicles and palladium for petrol vehicles. Gold and silver are both used to make jewellery and have a variety of industrial uses, but they are also popular with investors, who consider them a safe haven for their money when returns elsewhere are uncertain... purchase to read more

Industry Report - Industry Analysis Chapter

The Precious Metals Production industry has had an extremely volatile performance in recent years reflecting dramatic shifts in the world prices of precious metals, declining industry participation and fluctuating demand from downstream markets. Operators in the industry refine platinum, silver, gold and their alloys for the jewellery industry and other manufacturing industries. Precious metals production in the United Kingdom is a highly concentrated industry, dominated by two companies, Baird & Co Ltd and Johnson Matthey plc, which together account for an estimated 69.6% of industry revenue. However, the majority of firms in the industry are small, employing fewer than 10 people... 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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