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Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

World precious metal industry to assume $215 bln in size by 2017: Lucintel

Posted on 05 February 2013

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……………………………………..Full Article: Source


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