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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 | May 2015

Pedal to the metal: Stronger demand from industry should help the industry go for gold

IBISWorld’s Precious Metals Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Baird & Co Ltd Baird & Co Ltd market share
Johnson Matthey Plc Johnson Matthey Plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 11-16
8.7%
Annual Growth 16-21
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Profit
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Employment
626
Businesses
51
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 Investment Chapter

The level of capital intensity in the Precious Metal Production industry is high as it relies more heavily on industrial equipment than it does on labour. For every £1.00 industry operators spend on capital, IBISWorld estimates that £1.69 is spent on labour, which highlights the importance of capital investment to the industry. The production of precious metal ingots that meet the global minimum standard of 99.9% purity requires that equipment such as furnaces be kept in good working condition and replaced as necessary. The cost of replacing refining machinery can be extremely high. The industry also has a substantial working capital requirement in the form of raw material inputs such as crude bullion and various types of scrap. .. 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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