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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 | Sep 2014

Going for gold: Revenue to expand as motor vehicle sales increase, stabilising demand

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
JBR Recovery Ltd JBR Recovery Ltd market share
Johnson Matthey Plc Johnson Matthey Plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 10-15
8.9%
Annual Growth 15-20
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Profit
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Employment
725
Businesses
63
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 as the commodity is used to manufacture catalytic converters. Gold and silver are both used for jewellery manufacturing and investment purposes, though silver has many other industrial applications as well. The industry's performance has been highly volatile over the past few years, reflecting dramatic shifts in the world prices of precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.3 billion in 2014-15, compared with £874.5 million in 2009-10. This equates to compound annual revenue growth of 8.9%... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry for the Precious Metals Production industry are very high. A key barrier is the requirement to gain solid supply contracts that provide quality and profitable inputs. Due to the lack of precious metal mines in the UK, firms that require precious metal bullion must import it from countries with precious metal mines. Not only does this make the inputs more expensive, but it also makes gaining supply contracts more difficult. As a result most industry operators use scrap metal as their main input. Although this is easier to source, the quality of the input can vary greatly. Firms must source scrap metal that consists of a large quantity of precious metal, for the scrap to be profitable... 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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