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 Locations Chapter
Operators in the Precious Metals production industry are mainly found in London and the West Midlands and no other region has more than 10% of industry establishments.
London has the highest proportion of industry establishments. During 2015-16, it is estimated that 33.6% of industry establishments will be located here. London has long been a focus of both domestic and global trade in precious metals, so 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 Baird & Co and Johnson Matthey, still operate in central location... purchase to read more