Precious Metals Market Plying for Significant Growth During 2015 to 2021

Precious Metals Market: Global Industry Analysis and Forecast to 2015 to 2021
Precious metals are naturally occurring rare metallic elements having significant economic value.
They have high luster, usually ductile which tend to be less reactive than most elements. Precious
metals are primarily regarded as investments and industrial commodities. Platinum group metals
and gold are some of the most prominent precious metals present in the industry. While the coinage
metals, silver and gold are consumed in industrial applications, they are better known for their use
in jewellery and art. Other precious metals include the platinum group metals: iridium, osmium,
rhodium, ruthenium, palladium and platinum.
Get access to full summary @: https://www.persistencemarketresearch.com/market-research/preciousmetals-market.asp
Precious metals such as gold are widely used for investment purposes and jewellery owing to their
aesthetics. It is usually sold in stock exchange markets associated with falling share prices attributed
to its escalating high prices. Recent war events and rebellions in the Middle-Eastern countries such
as Syria, Egypt, Libya has led to significant increase in investments in bullion (gold bars). This has
resulted in overselling of gold which in turn has increased the gold prices worldwide. Global supply
of gold is a combination of scrap recovery, central-bank supply and mined gold, out of which more
than half of the supply comes from mined gold. Asia Pacific serves as the major producer as well as
consumer of gold with significant consumption in South East Asian countries such as China and
India. Moreover, high growth in these emerging economies coupled rising disposable incomes of
the individuals is the major driver for the precious metals market.
Platinum group metals such as palladium is majorly consumed in the automotive industry as
catalytic converters, manufacturing of electronics and jewelry, as well as chemical and dental
applications. Palladium is sourced from two major sources: mine production and recycling. The
global market for palladium is likely to experience significant growth with declining demand for
metals and increasing demand for recycling metals, leading to palladium demand outstripping the
supply. In addition, changing prospects of investments in palladium have also contributed to the
growth of the market. Several new palladium exchange-traded funds by companies such as Absa
Capital in South America are expected to create a significant boost for the palladium market.
Increasing prices for coinage precious metals such as gold are anticipated to be one of the major
factors driving the market as more and more consumers are purchasing gold as a mean of long
terms investments. In addition, growing demand for palladium in catalytic converters in the
automotive industry in vehicles exhausts are also expected to contribute towards the growth of the
market. Demand for precious metals from other sectors such as jewelry and industrial are also
anticipated to drive the growth of the market. However, technical issues and diminishing ore grades
of these metals are expected to hamper the growth of the market. Future market growth is expected
to be from Asia Pacific with the growing industrial activities in emerging economies such as India
and China. These factors are expected to provide new opportunities for the growth of the precious
metalsmarket.
A sample of this report is available upon request @
https://www.persistencemarketresearch.com/samples/4343
Barrick Gold, First Quantum Minerals, Goldcorp Freeport McMoRan Copper & Gold Inc., Gold
Fields Limited, Goldcorp Inc., Gabriel Resources Limited, Lundin Mining, GlencoreXstrata,North
American Palladium Ltd, Harmony Gold Mining Company Limited are some of the key
manufacturers of precious metals present in the market.

Precious metals are naturally occurring rare metallic elements having significant economic value. They have high luster, usually ductile which tend to be less reactive than most elements. Precious metals are primarily regarded as investments and industrial commodities.

Download Report