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 Products Chapter
Refined silver and silver alloys
Silver and silver alloys are commonly used in jewellery and high-quality cutlery. Silver is also a key component in mirrors, where it is applied to one side of glass in order to make it reflective. It can also be incorporated into electronics, engines, photographic and X-ray film, and dental wares. The price of silver has fallen substantially over the past few years and declining use of photographic film means that precious metal producers have received less silver-bearing input material, so the segment's contribution to industry revenue is estimated to shrink over the five years through 2015-16... purchase to read more