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 where it is used for the manufacturing of catalytic converters. Gold and silver are both used for jewellery manufacturing and for investment purposes, although silver has many other industrial uses as well.
The industry has been highly volatile over the past few years, reflecting dramatic shifts in the world prices for precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.22 billion in 2012-13, compared with £1.45 billion in 2007-08. This equates to a compound annual decline of 3.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Precious Metals Production industry is in the mature stage of its life cycle, despite the industry growing contribution to the UK economy. Industry value added is estimated to grow at a compound annual rate of 3.0% over the ten years through 2017-18. Over the same period the UK economy is expected to grow at a compound annual rate of 1.0%. This shows that the industry is growing at a faster rate than the UK economy and is subsequently contributing a growing portion of the economy. This would usually signify that the industry is in the growth phase of the industry life cycle, but rocketing precious metal prices are the key factor behind the industry's growth... purchase to read more