Precious Metals Market
Precious Metals Market Size Was Valued at USD 246.80 Billion in 2023 and is Projected to Reach USD 461.41 Billion by 2032, Growing at a CAGR of 7.20% From 2024 to 2032.
Precious metals, as a subset of valuable metals, are relatively scarce metals which have always been valued, notably for their light weight and resistance to corrosion or decay. For example, we have gold, silver, platinum, and palladium, among several others. Due to their high conductivity, these metals have been coveted by man throughout history as mediums of exchange, ornaments, electrical uses, and stores of value against shocks such as inflation and economic downturns. Their malleability, conductance, and non-corrosive nature depict them as relevant in a number of sectors, from the manufacture of electronics to medical use.
- Gold, silver, platinum, palladium and several other metals collectively constitute the precious metals that are involved in one of the most volatile market domains that has been fueled by a number of issues, including economic instabilities, global conflicts and changes in industrial uses. Gold is generally an inflation-hedge or a safe-haven asset whose behaviour is thought to be affected by bad economic conditions, inflation rates, and changes in currency values. In our context, it means that, when the economic conditions are weak, people will turn to gold as a hedge against such conditions, thereby leading to an increase in price. For instance, when financial crises or geopolitical issues in global economies are detectable, gold prices always shoot up. Furthermore, the policies of the central banks and their decisions on interest rates tremendously influence gold prices, as every fall in interest rate increases the appeal of gold, which is a non-interest-bearing asset.
- Silver, like gold, can also be valued for its role as a store of value; however, it has significant demand for use in industrial sense in electronics, solar panels and in the biomedical field. Being both an investment asset and industrial product, it has both an investment market determined by demand and supply and industrial market regarding usage for production purposes. The demand of platinum and palladium is mainly influenced by industrial applications, where these metals are used in so-called catalytic converters of automobiles, which lessen the degree of hazardous emissions. These metals are used in the automobile industry, and since the health standards of the world is seeing to it that car emissions reduce, there will always be a demand for these metals. Likewise, a shortage of products from the key producing countries, comprising South Africa and Russia, might restlessly fluctuate prices in these segments.
- The future of the precious metal has also been influenced by technological enhancements and the evolution of online trading to the extent that it is now within the reach of retail investors. In the same way, there are several ETFs where people can participate in the precious metals market with increased flexibility compared to owning the actual metal. Also, social awareness of people regarding ethical investment has led to the consideration of the significant effects of mining practices on the procurement of precious metals, and this has in turn affected demand-pull factors.
- The subsequent market changes proved the business’s dependence on the international context, particularly the COVID-19 pandemic. In 2020, gold prices reached their peaks due to the effects of the global pandemic and the economic turmoil, leading to increased calls for Gold as a hedge against inflation arising from the implementation of colossal fiscal stimulus packages. On the other hand, productivity disruptions in the industrial sectors that were caused by the same affected the demand for silver and platinum group metals at the beginning of the phases, but the demand later rebounded as the industrial activities returned to normalcy.
- The market outlook for precious metals will continue to be more or less unstable depending on the recovery’s continued progression, further inflation considerations, and technology. They both state that legal factors crucial to the management of business and sustainability include legally enforceable actions such as environmental compliance and the process by which legislation influences guidance of corporate responsibilities and actions. So, identifying the complex and various motives behind the precious metals market is indeed important to the target investing groups since the market is constantly changing and dynamic.
Precious Metals Market Trend Analysis
Increasing Demand for Green Technologies Driving Silver Prices Up
- The soaring demand for high-end electronics products, coupled with environmental consciousness of the latest emerging technologies such as renewable energies and electric vehicles, are being attributed for the impressive increase in store levels of precious metals, which include silver. Silver is relatively scarce and has a high demand since it has several notable properties, such as high electrical and thermal conductivity, which makes it suitable be use in the photovoltaic cells of solar panels and other electric features of cars, among other uses. As international trends towards reducing greenhouse gas emissions increase, investments in green technologies will, thus consequentially, boost the demand for silver. The solar industry, perhaps the largest consumer of silver, remains buoyant, with world governments and conglomerates pledging more forces for green energy. Likewise, the electric automobile sector is rapidly evolving with a high demand for growth and production of more items, including batteries and circuits containing silver. This demand is further bolstered by past and present uses of the metal in jewelry, coins and numerous industries where it is essential; these factors have helped cut the supply and pass a signal to the price to rise higher.
- Moreover, the source prospective and established mining activities for silver are unable to spur up to this new demand than before, thus worsening the supply-side factors. Holders, as a result of silver’s importance for the green technology renaissance and its ability for even more price appreciation, are also contributing to the climb with additional investment in silver-related assets. Consequently, increase in green technology that has led to the use of silver technology, plus the utility of silver in its multiple forms in the industrial sector, has been one key driver for the rise of the silver prices in the precious metals market.
Diversifying with Gold in Uncertain Economic Times: Precious
- When it comes to investing in other forms of asset, people often turn to the safe haven of gold and other precious metals as a way to protect their investments and their wealth from any further fluctuations in the economic turmoil. Gold, for example, can be deemed as a safe-haven instrument because it is valuable, rare and has been shown to rise in value during recessionary times. Unlike fiat currencies, which are prone to inflation and devaluation, gold retains its form and has a strong demand in world economy without being controlled by the policies of the government or a central bank. Flavours for investing in precious metals are witnessed when there is an economic crisis, political instability and high inflation, all in an effort to diversify and safeguard against volatile equity markets and sharp fluctuations in currencies.
- Further, the value of gold and other metals like silver, Platinum and palladium is not only for ornamental purposes; they have numerous other uses while acting as industrial aid. Holding these assets as a portion of their portfolio helps diversify the investment, serves as a protective layer for potential market risk and could provide long-term returns.
Precious Metals Market Segment Analysis:
The Metals metals market is segmented based on By Type and By Application.
By Type, Gold segment is expected to dominate the market during the forecast period
- Metals are classified as precious based on their properties and trade differences; therefore, the precious metals market contains a vast selection of metals. It is important for its chronological value as history’s oldest known metal, for investment purposes, jewelry and electronic industry. Like gold, which is also often used in investment, it is more widely used in various branches of industry because of its high conductivity and antiseptic properties. Catalytic converters, automobiles, jewelry, and many other uses make platinum precious; thus, it needs to be stored safely.
- Like the precious metal palladium being used in catalytic converters, resulting to much demand and high prices due to the need to reduce vehicle emissions. Other PGMs, for instance, rhodium, iridium, and ruthenium, though less popular, are essential in various industries and technologies, for instance electronics, chemical processes, and high-temperature solitary. Every type of precious metal has its own role within the global environment; this means that every type of precious metal is affected differently by the forces of supply and demand placed on it by the world economy, the various industries which use these precious metals, and increased or decreased technological development.
By application, the jewelry segment held the largest share in 2023
- The global precious metals market is divided based on application in various sectors as follows: Each sector has its own unique features with regard to demand and supply. The accessories type of jewelry is made mostly from precious metals often gold, silver and platinum, which have a natural beauty and are often associated with culture; thus, demand is significant in the India and China type markets. The precious metals, particularly gold and silver, also capture the attention of investment applications, as they are viewed more or less as a refuge where investors can secure their wealth from<|reserved_special_token_256|> or volatile dangers such as inflation and volatile or fluctuating monetary values.
- For industrial usage, metals are precious due to their special parameters, For example, the electrical conductivity of silver makes an essential component in electronics and photovoltaic panels; the use of platinum and palladium in automotive industry helps minimize the emission of gases through catalytic converters. Precious metals are also valued in the pharmaceutical manufacturing industry since they are biocompatible and antimicrobial in nature, which is crucial in designing and producing medical applications and therapeutics. Finally, other applications involve the use of these metals in dental alloys for making bridges and other dental prostheses, electronics, jewelry, automotive, aerospace and even luxury gifts, pointing to the fact that these metals are a never-fading commodity each as per the different uses mentioned above.
Precious Metals Market Regional Insights:
Asia-Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia-Pacific region is likely to account for significantly high demand for precious metals within this forecast period due to various factors. This part of the world, especially the Far East and South Asia, comprising of countries like China and India, has realized faster economic growth and higher levels of industrialization, which are key categories that utilize large quantities of precious metals for use in manufacturing processes as well as for investment purposes. Especially in China, the demand is further strengthened by electronics as well as the auto industry, which uses heavy elements such as platinum and palladium in emission control devices such as catalytic converters and components, respectively.
- Notably, there is a cultural inclination towards the gold metal, particularly within the Indian sub-region for jewellery and as an investment asset; this fuels the market. It is also aiding the rising middle class in these countries to greatly boost the overall demand for such items as quality jewelries and investment metals. Also, Asia Pacific has favorable regulatory environment for many products due to government policies and active trade within this area and has relatively cheaper cost of production compared to some other areas suitable for production of precious metals. The development of appropriate mining operations and technological improvements in extraction procedures remain the market’s driving forces. Thus, Asia-Pacific region has the potential to remain as the largest consumer and producer of precious metals in the world during the forthcoming years.
Active Key Players in the Precious Metals Market
- Anglo American Platinum (USA)
- Augusta Precious Metals (USA)
- BHP Group (Australia)
- Newcrest Mining Limited (Australia)
- Kinross Gold Corporation (Canada)
- Sibanye-Stillwater (South Africa)
- American Hartford Gold (USA)
- Zijin Mining Group Co., Ltd (China)
- Rio Tinto Group (UK)
- Agnico Eagle Mines Ltd (Canada)
- Newmont Corporation (USA)
- Impala Platinum Holdings Ltd (South Africa)
- First Quantum Minerals Ltd (Canada)
- Glencore International AG (Switzerland)
- Freeport-McMoRan Inc (USA) and Other Key Players
Key Industry Developments in the Precious Metals Market
- In July 2023, Barrick Gold disclosed the extension of the mine life for its Tongon gold project in Côte d'Ivoire. This decision comes as a result of the ongoing positive outcomes from gold exploration activities within the Nielle mining permit area. Originally established in 2010 with an expected closure in 2021, the company filed documentation in 2021 to extend the mine’s life until 2026.
- In July 2023, K92 Mining Inc. announced the resumption of underground mining operations at the Kainantu Gold Mine in Papua New Guinea. The restart was conducted by a comprehensive restart plan prioritizing safety following a tragic incident involving an underground vehicle. Notably, the impact on surface activities has been minimal, and surface stockpiles have undergone processing in the designated plant. K92 Mining Inc. affirms that its production and cost guidance for 2023 remain unaffected by these events.
- In June 2023, AnglogoldAshanti introduced a pioneering renewable energy initiative at the Tropicana Gold Mine, signifying a notable achievement in its commitment to carbon emissions reduction. In collaboration with Pacific Energy, AngloGold Ashanti Australia Ltd. is undertaking the construction and operation of an extensive 62MW solar and wind production capacity at the mine. This partnership aims to integrate renewable energy sources into the mine's power supply infrastructure, thereby reducing reliance on gas consumption.
Global Precious Metals Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 264.57 Bn. |
Forecast Period 2024-32 CAGR: |
7.20% |
Market Size in 2032: |
USD 461.41 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- PRECIOUS METALS MARKET BY TYPE (2017-2032)
- PRECIOUS METALS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- GOLD
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SILVER
- PLATINUM
- PALLADIUM
- OTHERS
- PRECIOUS METALS MARKET BY APPLICATION (2017-2032)
- PRECIOUS METALS MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- JEWELRY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- INVESTMENT
- INDUSTRIAL
- PHARMACEUTICAL
- AUTOMOTIVE
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Benchmarking
- PRECIOUS METALS Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ANGLO AMERICAN PLATINUM (USA)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- AUGUSTA PRECIOUS METALS (USA)
- BHP GROUP (AUSTRALIA)
- NEWCREST MINING LIMITED (AUSTRALIA)
- KINROSS GOLD CORPORATION (CANADA)
- SIBANYE-STILLWATER (SOUTH AFRICA)
- AMERICAN HARTFORD GOLD (USA)
- ZIJIN MINING GROUP CO LTD (CHINA)
- RIO TINTO GROUP (UK)
- AGNICO EAGLE MINES LTD (CANADA)
- NEWMONT CORPORATION (USA)
- IMPALA PLATINUM HOLDINGS LTD (SOUTH AFRICA)
- FIRST QUANTUM MINERALS LTD (CANADA)
- GLENCORE INTERNATIONAL AG (SWITZERLAND)
- FREEPORT-MCMORAN INC (USA)
- COMPETITIVE LANDSCAPE
- GLOBAL PRECIOUS METALS MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Precious Metals Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 264.57 Bn. |
Forecast Period 2024-32 CAGR: |
7.20% |
Market Size in 2032: |
USD 461.41 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001: EXECUTIVE SUMMARY
TABLE 002. PRECIOUS METALS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PRECIOUS METALS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PRECIOUS METALS MARKET COMPETITIVE RIVALRY
TABLE 005. PRECIOUS METALS MARKET THREAT OF NEW ENTRANTS
TABLE 006. PRECIOUS METALS MARKET THREAT OF SUBSTITUTES
TABLE 007. PRECIOUS METALS MARKET BY TYPE
TABLE 008. GOLD MARKET OVERVIEW (2016-2028)
TABLE 009. SILVER MARKET OVERVIEW (2016-2028)
TABLE 010. PLATINUM MARKET OVERVIEW (2016-2028)
TABLE 011. PALLADIUM MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. PRECIOUS METALS MARKET BY APPLICATION
TABLE 014. JEWELRY MARKET OVERVIEW (2016-2028)
TABLE 015. INVESTMENT MARKET OVERVIEW (2016–2028)
TABLE 016. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 017. PHARMACEUTICAL MARKET OVERVIEW (2016-2028)
TABLE 018. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 019. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA PRECIOUS METALS MARKET, BY TYPE (2016-2028)
TABLE 021. NORTH AMERICA PRECIOUS METALS MARKET, BY APPLICATION (2016-2028)
TABLE 022. N PRECIOUS METALS MARKET, BY COUNTRY (2016-2028)
TABLE 023. EUROPE PRECIOUS METALS MARKET, BY TYPE (2016-2028)
TABLE 024. EUROPE PRECIOUS METALS MARKET, BY APPLICATION (2016-2028)
TABLE 025. PRECIOUS METALS MARKET, BY COUNTRY (2016-2028)
TABLE 026. ASIA PACIFIC PRECIOUS METALS MARKET, BY TYPE (2016-2028)
TABLE 027. ASIA PACIFIC PRECIOUS METALS MARKET, BY APPLICATION (2016-2028)
TABLE 028. PRECIOUS METALS MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA PRECIOUS METALS MARKET, BY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA PRECIOUS METALS MARKET, BY APPLICATION (2016-2028)
TABLE 031. PRECIOUS METALS MARKET, BY COUNTRY (2016-2028)
TABLE 032. SOUTH AMERICA PRECIOUS METALS MARKET, BY TYPE (2016-2028)
TABLE 033. SOUTH AMERICA PRECIOUS METALS MARKET, BY APPLICATION (2016-2028)
TABLE 034. PRECIOUS METALS MARKET, BY COUNTRY (2016-2028)
TABLE 035. ANGLO-AMERICAN PLATINUM (USA): SNAPSHOT
TABLE 036. ANGLO-AMERICAN PLATINUM (USA): BUSINESS PERFORMANCE
TABLE 037. ANGLO AMERICAN PLATINUM (USA): PRODUCT PORTFOLIO
TABLE 038. ANGLO-AMERICAN PLATINUM (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038: AUGUSTA PRECIOUS METALS (USA): SNAPSHOT
TABLE 039. AUGUSTA PRECIOUS METALS (USA): BUSINESS PERFORMANCE
TABLE 040. AUGUSTA PRECIOUS METALS (USA): PRODUCT PORTFOLIO
TABLE 041. AUGUSTA PRECIOUS METALS (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. BHP GROUP (AUSTRALIA): SNAPSHOT
TABLE 042. BHP GROUP (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 043. BHP GROUP (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 044. BHP GROUP (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. NEWCREST MINING LIMITED (AUSTRALIA): SNAPSHOT
TABLE 045. NEWCREST MINING LIMITED (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 046. NEWCREST MINING LIMITED (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 047. NEWCREST MINING LIMITED (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. KINROSS GOLD CORPORATION (CANADA): SNAPSHOT
TABLE 048. KINROSS GOLD CORPORATION (CANADA): BUSINESS PERFORMANCE
TABLE 049. KINROSS GOLD CORPORATION (CANADA): PRODUCT PORTFOLIO
TABLE 050. KINROSS GOLD CORPORATION (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. SIBANYE-STILLWATER (SOUTH AFRICA): SNAPSHOT
TABLE 051. SIBANYE-STILLWATER (SOUTH AFRICA): BUSINESS PERFORMANCE
TABLE 052. SIBANYE-STILLWATER (SOUTH AFRICA): PRODUCT PORTFOLIO
TABLE 053. SIBANYE-STILLWATER (SOUTH AFRICA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. AMERICAN HARTFORD GOLD (USA): SNAPSHOT
TABLE 054. AMERICAN HARTFORD GOLD (USA): BUSINESS PERFORMANCE
TABLE 055. AMERICAN HARTFORD GOLD (USA): PRODUCT PORTFOLIO
TABLE 056. AMERICAN HARTFORD GOLD (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056: ZIJIN MINING GROUP CO LTD (CHINA): SNAPSHOT
TABLE 057: ZIJIN MINING GROUP CO LTD (CHINA): BUSINESS PERFORMANCE
TABLE 058: ZIJIN MINING GROUP CO LTD (CHINA): PRODUCT PORTFOLIO
TABLE 059. ZIJIN MINING GROUP CO LTD (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. RIO TINTO GROUP (UK): SNAPSHOT
TABLE 060. RIO TINTO GROUP (UK): BUSINESS PERFORMANCE
TABLE 061. RIO TINTO GROUP (UK): PRODUCT PORTFOLIO
TABLE 062. RIO TINTO GROUP (UK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. AGNICO EAGLE MINES LTD (CANADA): SNAPSHOT
TABLE 063. AGNICO EAGLE MINES LTD (CANADA): BUSINESS PERFORMANCE
TABLE 064. AGNICO EAGLE MINES LTD (CANADA): PRODUCT PORTFOLIO
TABLE 065. AGNICO EAGLE MINES LTD (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. NEWMONT CORPORATION (USA): SNAPSHOT
TABLE 066. NEWMONT CORPORATION (USA): BUSINESS PERFORMANCE
TABLE 067: NEWMONT CORPORATION (USA): PRODUCT PORTFOLIO
TABLE 068. NEWMONT CORPORATION (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. IMPALA PLATINUM HOLDINGS LTD (SOUTH AFRICA): SNAPSHOT
TABLE 069. IMPALA PLATINUM HOLDINGS LTD (SOUTH AFRICA): BUSINESS PERFORMANCE
TABLE 070. IMPALA PLATINUM HOLDINGS LTD (SOUTH AFRICA): PRODUCT PORTFOLIO
TABLE 071. IMPALA PLATINUM HOLDINGS LTD (SOUTH AFRICA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. FIRST QUANTUM MINERALS LTD. (CANADA): SNAPSHOT
TABLE 072. FIRST QUANTUM MINERALS LTD. (CANADA): BUSINESS PERFORMANCE
TABLE 073. FIRST QUANTUM MINERALS LTD. (CANADA): PRODUCT PORTFOLIO
TABLE 074. FIRST QUANTUM MINERALS LTD (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. GLENCORE INTERNATIONAL AG (SWITZERLAND: SNAPSHOT)
TABLE 075. GLENCORE INTERNATIONAL AG (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 076. GLENCORE INTERNATIONAL AG (SWITZERLAND: PRODUCT PORTFOLIO
TABLE 077. GLENCORE INTERNATIONAL AG (SWITZERLAND: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. FREEPORT-MCMORAN INC. (USA): SNAPSHOT
TABLE 078. FREEPORT-MCMORAN INC. (USA): BUSINESS PERFORMANCE
TABLE 079. FREEPORT-MCMORAN INC. (USA): PRODUCT PORTFOLIO
TABLE 080. FREEPORT-MCMORAN INC (USA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 081. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 082. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 083. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001: YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PRECIOUS METALS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PRECIOUS METALS MARKET OVERVIEW BY TYPE
FIGURE 012. GOLD MARKET OVERVIEW (2016-2028)
FIGURE 013. SILVER MARKET OVERVIEW (2016-2028)
FIGURE 014. PLATINUM MARKET OVERVIEW (2016-2028)
FIGURE 015. PALLADIUM MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. PRECIOUS METALS MARKET OVERVIEW BY APPLICATION
FIGURE 018. JEWELRY MARKET OVERVIEW (2016-2028)
FIGURE 019. INVESTMENT MARKET OVERVIEW (2016-2028)
FIGURE 020. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 021. PHARMACEUTICAL MARKET OVERVIEW (2016-2028)
FIGURE 022. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 023. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA PRECIOUS METALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE PRECIOUS METALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC PRECIOUS METALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA PRECIOUS METALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA PRECIOUS METALS MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Precious Metals Market research report is 2024-2032.
Anglo American Platinum (USA),Augusta Precious Metals (USA), BHP Group (Australia),Newcrest Mining Limited (Australia), Kinross Gold Corporation (Canada), Sibanye-Stillwater (South Africa), American Hartford Gold (USA), Zijin Mining Group Co Ltd (China),and Other Major Players.
The Precious Metals Market is segmented into Type , Application and Region. By Type , the market is categorized into Gold, Silver, Platinum, Palladium, Others. By Application , the market is categorized into Jewelry, Investment, Industrial, Pharmaceutical, Automotive, Others.By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The precious metals, as a subset of valuable metals, are relatively scarce metals which have always been valued notably for their light weight and resistance to corrosion or decay. For example, we have gold, silver, platinum, and palladium among several others. Due to their high conductivity, these metals have been coveted by man throughout history also as mediums of exchange, ornaments, electrical uses, and store of value against shocks such as inflation and economic downturns. Their malleability, conductance, and non-corrosive nature depict them as relevant in a number of sectors from the manufacture of electronics to medical use.
Precious Metals Market Size Was Valued at USD 246.80 Billion in 2023, and is Projected to Reach USD 461.41 Billion by 2032, Growing at a CAGR of 7.20% From 2024-2032.