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 to manufacture catalytic converters. Gold and silver are both used for jewellery manufacturing and for investment purposes, though silver has many other industrial uses as well. The industry's performance has been highly volatile over the past few years, reflecting dramatic shifts in world prices of precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.27 billion in 2013-14, compared with £1 billion in 2008-09. This equates to compound annual revenue growth of 4.8% over the five-year period... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Precious Metals Production industry has a high level of market share concentration. The four largest operators in the industry are expected to have a combined market share of 83.6% in 2013-14. However, market share is heavily skewed towards the leading two operators, Johnson Matthey plc and Baird & Co Ltd, which together account for an estimated 72.1% of industry revenue. Considerable losses made recently by the two market leaders means they have recently conceded ground to smaller competitors over the past two years, though this is an uncommon occurrence.
Outside of the two major players, the industry is characterised by many small, locally run firms. This is demonstrated by 83.4% of industry firms employing fewer than 10 people... purchase to read more