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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 | Mar 2017

Going for gold: Global political uncertainty is likely to boost industry revenue in 2016-17

IBISWorld’s Precious Metals Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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
The Royal Mint Ltd The Royal Mint Ltd market share
Industry Statistics & Market Size
Revenue
£519m
Annual Growth 12-17
-15.9%
Annual Growth 17-22
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Profit
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Employment
658
Businesses
53
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 group metals sales are heavily influenced by the automotive industry as the commodity is used to manufacture catalytic converters, which help to clean exhaust gases. In general, platinum is used in the catalysts for diesel vehicles and palladium for petrol vehicles. 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 money when returns elsewhere are uncertain... purchase to read more

Industry Report - Industry Investment Chapter

The level of capital intensity in the Precious Metals Production industry is medium. For every £1.00 industry operators spend on capital, IBISWorld estimates that £5.93 is spent on labour. However, spending on labour tends to increase in years of high demand, as companies may either employ more workers or ask the existing ones to work overtime, which attracts higher spending on wages. Moreover, workers tend to be highly skilled. During the past five years, the average wage in the industry has fluctuated and is expected to reach over £37,000 in 2016-17.

The production of precious metal ingots that meet the global minimum standard of 99.9% purity requires that equipment such as furnaces be kept in good working condition and replaced as necessary. The.. 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 metalProducing precious metal alloys


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