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Lower availability of ore and regulations imposed by the governments on mining are the major hurdles for world precious metals industry, the report noted.

04 Feb 2013

TEXAS (Commodity Online): Size of global precious metals industry is likely to touch $215 bn by 2017 with a compound annual growth rate (CAGR) of 7.5 percent, stated a research report titled 'Global Precious Metal Industry 2012-2017: Trend, Profit, and Forecast Analysis,' from Lucintel.

Growing demand from end markets like jewellery, electronics, automotive, and investment are expected to drive the prices of precious metals.

Lower availability of ore and regulations imposed by the governments on mining are the major hurdles for world precious metals industry, the report noted.

During the past five years, driven by growth of end market, stringent regulation for carbon emission and recovery of economy, North America has shown the highest growth potential in precious metal industry.

Growing investment in precious metals and automobile sector is likely to support the industry comprising of establishments engaged in producing precious metals like gold, silver, platinum, palladium, and rhodium.


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