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

Operators in the industry currently 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 significantly than would otherwise be expected...read more.

Industry Statistics & Market Size
Revenue
£448.3m
Annual Growth 14-19
-18.1%
Forecast Growth 19-24
Profit
Employment
584
Businesses
47

Industry Threats & Opportunities

  • Revenue has been hit by falling precious metal prices for much of the past five-year period
  • New recycling techniques have posed a potential counter to issues of supply
  • As electric vehicles become more prominent, demand for catalytic convertors could decline
  • Industry Report - Industry Analysis Chapter

    The performance of the Precious Metals Production industry over the past five-year period has been extremely volatile with revenue growth having fluctuated between annual increases of 8% to contractions of 38%. This is in part due to prices of precious metals having been unstable, particularly in the base of the period, contributing to business uncertainty and cash flow issues. Operators in the industry refine platinum group metals, silver, gold and their alloys for the Jewellery Manufacturing industry (IBISWorld report C32.120), Motor Vehicle Manufacturing industry (IBISWorld report C29.100) and the Computer and Peripheral Equipment Manufacturing industry (IBISWorld report C26.200) amongst others. Dem...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 competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Precious Metals Production Industry

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

    IBISWorld’s Precious Metals Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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