According to a new report by Expert Market Research titled, ‘Global Precious Metals Market Report and Forecast 2020-2025′, the global precious metals market witnessed a production volume of almost 33 kilo million tons in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 2.34% to attain a production volume of nearly 39 kilo metric tons in 2025.
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Global precious metals market is propelled by the growing demand for renewable energy. They are in demand by various industries like jewellery, chemical industry, and automobile industry, among others. Precious metals are metals that are naturally occurring and are less reactive than most metals. They have high economic value on account of but not limited to their rarity. Usually, they are ductile and have high lustre. Regional markets for global precious metals are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. These regions are headed by many companies such as Southern Copper Corporation (NYSE: SCCO) and Newmont Goldcorp Corporation (NYSE: NEM).
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Market Analysis by Types:
- Gold
- Silver
- Palladium
- Platinum
- Rhodium
- Others
By type, the global precious metals market is divided into gold, silver, palladium, platinum, rhodium, among others.
Market Analysis by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Region-wise, the global precious metals market can be divided into North America, Europe, Asia Pacific, South America, Middle East and Africa.
Competitive Landscape & Supplier Analysis:
- Anglo American Plc (OTCMKTS: NGLOY)
- Southern Copper Corporation (NYSE: SCCO)
- Newmont Goldcorp Corporation (NYSE: NEM)
- Norilsk Nickel PJSC (OTCMKTS: NILSY)
- Northam Platinum Limited
- North American Palladium Ltd
- Newcrest Mining Limited
- PJSC Polyus
- Pan American Silver Corporation
- Kinross Gold Corporation
- Evolution Mining Ltd
- Compania de Minas Buenaventura S.A.A
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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