Precious Metals Production in the UK - Industry Market Research Report

Going for gold: Shaky economic conditions cause investor to flock to gold, raising its price and boosting revenue

The Precious Metals Production industry's revenue is forecast to expand at a compound annual rate of 14.3% over the five years through 2023-24 to £279.4 million. Higher-than-normal precious metal prices mean that smaller companies have been able to operate with only a handful of staff while still making enough money to keep going. However, as gold and silver are used less in film and digital technology, the amount of precious metals recoverable from scrap has fallen, raising purchasing costs and somewhat limiting growth.

Companies 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, are also manufactured. This industry excludes the casting of non-ferrous metals and manufacture of precious metal jewellery.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.