Title: PPT for Precious Metals Market Research Report, 2017 - 2024
1Precious Metals Market Share, Outlook Forecast
2017-2024
Precious Metals Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany,
UK, France, Italy, Russia, China, India, Japan,
Malaysia, Thailand, Indonesia, Australia, Brazil,
Saudi Arabia, UAE, South Africa), Application
Development Potential, Price Trend, Competitive
Market Share Forecast, 2017 2024
2Global Market Scenario of Precious Metals
- Precious Metals Market size is expected to
witness a surge in demand owning to their rare or
high economic value. - Higher comparative values of these products are
driven by several factors including use in
industrial different industrial processes, their
rarity and consideration as investment vehicles
with the intention of gaining positive returns. - A Precious Metals is an unique, naturally
occurring metallic chemical metal of high
financial value. - Chemically, these are less reactive than most of
the other elements. They have high luster and are
usually ductile in nature. - Historically, these products were significant as
currency but are now more viewed mostly as
investments and industrial commodities. - Some of the best known precious metals are gold,
silver and coinage metals. Although gold and
silver have various industrial applications, they
are better known for their uses in jewelry, arts
and coinage.
3- Product Analysis-
- Oldest and the most recognized application
segment in industry is jewelry. However, various
other applications including technological usages
are gaining high precious metals market share.
Other applications of gold, platinum, silver and
palladium are driving markets including
industrial automotive and niche areas, where the
products perform metallurgic and chemical roles
other than aesthetics. It is generally sold in
stock exchange markets linked with falling share
prices credited to its rising high prices. - Recent political turmoil in the Middle Eastern
countries including Syria, Libya and Egypt has
led to a substantial increase in investments in
gold bars or bullions. This led to overselling
gold, in turn increasing the gold prices in the
precious metals market. Global supply of gold is
a combination of central bank supply, scrap
recovery and mined gold, out of which more than
half comes from minded gold. - Regional Trends-
- Asia Pacific lead as the chief producer as well
as consumer of these products with noteworthy
consumption in South East Asian countries
including India and China. Furthermore,
increasing growth of these emerging economies
coupled with rising disposable incomes of the
masses is the key drivers for the precious metals
market growth.
4- Competitive Trends
- Some of the key precious metals market players
include First Quantum Minerals, GlencoreXstrata,
Gold Fields, Barrick Gold, Goldcorp and
Freeport-McMoRan. Other prominent industry
players are Gabriel Resources, North American
Palladium, Lundin Mining, Norilsk Nickel, Harmony
Gold Mining, Newmont Mining, Johnson Matthey,
Impala Platinum and Lonmin. - In 2017, Barrick Gold, Canadian gold mining
company formed a joint venture with another
Canadian gold producer, Goldcorp to unite for the
Cerro Casale Project in Chile as well as to
acquire Exeter Resource. This strategy will
benefit the company to strengthen its financial
and technical divisions in the precious metals
market to witness significant increase in net
delivery value.
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