Transparency Market
Research Report Added "Gold
Smelting Market".Metal smelting is a process of
extracting metal from its ore which is mixed with heat generating or
purifying substances such as coke or limestone. Smelted or pure gold
finds its application in various fields such as medical, dental,
electronics and industrial application. While purchasing gold ore,
investors are buying the insignificant material that sticks to pure
gold. If buying gold as an asset, it is a better to purchase smelted
gold. Along with melting gold into bar, smelter removes the
impurities from gold using heat, pressure and certain chemicals.
Hence, private and institutional investors who invest in gold coins,
scrap gold and gold dust prefer gold smelting.
The demand for pure
or smelted gold is extensively scattered around the world. The U.S.,
India, Turkey, and greater China which includes China, Hong Kong and
Taiwan accounted for approximately over half of the global
consumption in the last three years. Rapid socio-economic and
demographic changes in the developing countries are also expected to
turn out new patters of demand for smelted gold over the forecast
period. Jewellery has constantly been the largest segment of overall
gold consumption. In addition, private and institutional investors
represent largest source of smelted gold.
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Report :
Some of the Key
Participants in gold smelting market include
Chenzhou Mining Group Co. Ltd., Aida Chemical Industries Co. Ltd.,
Ronghua Industry Group Co. Ltd., Materion, Metalor USA refining
corporation, Johnson Matthey Ltd., Chongjin Gold Corporation Ltd.,
Ohio precious metals LLC, Shandong Gold Mining Co.Ltd., OJSC Kolyma
Refinery, Gannon and Scott, Yuyuan Tourist Mart Zijin Mining Group
Co. Ltd., Global Advanced Metals and Hengbang Smelting Corporation
among others.
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