Glimmer of hope: After a turbulent period, revenue is expected to grow slightly in 2018-19

Industry operators recycle gold, silver and platinum group metals from a range of materials. Sales of platinum group metals are heavily influenced by the performance of the automotive industry as the commodity is used to manufacture catalytic converters. In general, platinum is more prevalent for diesel vehicles and palladium for petrol vehicles, although all catalysts contain a proportion of platinum, palladium and rhodium. Gold and silver are both used to make jewellery and have a variety of industrial uses, but they are also popular with investors, who consider them a safe haven for their wealth when returns elsewhere are uncertain. This investment demand means gold and silver prices fluctuate much more than would otherwise be more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Revenue has been hit by falling precious metal prices for much of the past five-year period
  • Some recycling practices are yet to become commonplace, reducing the level of available inputs
  • Changes in global demand for photovoltaics are likely to influence silver prices
  • Industry Report - Industry Locations Chapter

    LondonLondon has a relatively high proportion of industry establishments, at an estimated 22% in the current year. London has long been a focus of both domestic and global trade in precious metals, especially with the gold bullion market, so melt shops and other refining facilities were established there to be close to the physical market of precious metals. Some of those facilities, including those owned by Baird & Co and Johnson Matthey, still operate in central London. London also offers excellent access to airports and seaports, which is important given the industry’s high dependence on trade.The West MidlandsThe West Midlands is also home to an estimated 22% of industry establishments. The...purchase to read more.

    Additional Insights for the Precious Metals Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Precious Metals Production Industry are

  • Access to high quality inputs
  • Effective quality control
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from jewellery manufacturing and World price of platinum in the Precious Metals Production industry impact industry performance..

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    What's in this report

    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, wires through metal drawing and precious metal foil laminates. Semi-products which include standardised strips, sheets, tubes and ring blanks among other variations are also manufactured. This industry excludes casting of non-ferrous metals and manufacture of precious metal jewellery.

    Industry Products
  • Refined gold and gold alloys
  • Refined silver and silver alloys
  • Refined platinum group metals and associated alloys
  • Industry Activities
  • Refining precious metals
  • Recycling precious metals
  • Rolling base metal with precious metal
  • Producing precious metal alloys
  • Drawing precious metal wiring
  • Producing precious metal foil laminates
  • Producing precious metal semi-products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from jewellery manufacturing
  • World price of platinum
  • World price of gold
  • Demand from motor vehicle manufacturing
  • World price of silver
  • Demand from computer and peripheral equipment manufacturing

  • Current Performance
  • Metal market mayhem
  • Losing their shine
  • Protective policy
  • Gold flight not fight
  • Chart: Revenue Growth

  • Industry Outlook
  • Pricing pressure
  • Driving demand
  • A silver bullet
  • A local boost
  • Table: Precious Metals Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Precious Metals Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Computer & Peripheral Equipment Manufacturing
  • Motor Vehicle Manufacturing
  • Jewellery Manufacturing

  • Key Selling Industries
  • Consumers
  • Waste & Scrap Wholesaling

  • Products & Services
  • Refined platinum group metals and associated alloys
  • Refined gold and gold alloys
  • Refined silver and silver alloys
  • Chart: Precious Metals Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Jewellery manufacturing
  • Investment
  • Motor vehicle manufacturing
  • Computer and peripheral manufacturing
  • Industrial production
  • Other
  • Chart: Major Market Segmentation for the Precious Metals Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Precious Metals Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Precious Metals Production Industry

  • Industry Globalization
    Johnson Matthey plc, The Royal Mint Ltd, Baird & Co Ltd, JBR Recovery Ltd,
  • Table: Johnson Matthey plc - financial performance
  • Table: The Royal Mint Ltd - financial performance
  • Table: Baird & Co Ltd - financial performance
  • Table: JBR Recovery Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Precious Metals Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Precious Metals Production Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Analysis to determine composition, particularly the level of impurities.
  • Bullion
  • Smelted metal containing impurities that are removed during the refining process.
  • Flocert
  • The independent inspection and certification body for labelled Fairtrade products.
  • Lemel
  • Metal filings.
  • Platinum Group Metals
  • Also known as PGM, the main metals in this group are platinum and palladium. Other metals are rhodium, ruthenium, osmium and iridium.
  • What Our Customers Say

    Why buy this report?

    The Precious Metals Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Precious Metals Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Precious Metals Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Precious Metals Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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