Precious Metals Management Market Report 2025

The precious metals management market size has grown strongly in recent years. It will grow from $15.5 billion in 2024 to $16.68 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historical period was driven by rising demand for ethically and transparently sourced metals, greater adoption of blockchain for tracking metal provenance, the emergence of customized metal-backed financial products, increased strategic stockpiling by governments and corporations, and the growing impact of sustainability standards on metal procurement.

The precious metals management market size is expected to see strong growth in the next few years. It will grow to $22.07 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The projected growth during the forecast period is driven by increased investment in safe-haven assets, growing demand from the electronics sector, higher jewelry consumption, expansion of central bank gold reserves, and rising geopolitical and economic uncertainties. Key trends include improvements in metal tracking and authentication technologies, the emergence of digital precious metal trading platforms, innovations in secure storage and logistics, advancements in recycling and refining processes, and the adoption of blockchain for verifying metal provenance.

The rising demand for gold is expected to drive growth in the precious metals management market. Gold, a valued yellow metal, is widely used in jewelry, currency, and industrial applications. Investors increasingly view gold as a safe-haven asset during economic uncertainty, geopolitical tensions, and volatile financial markets. Precious metals management supports gold investors by offering secure storage, efficient trading, and professional oversight, helping protect assets and optimize returns. For example, in Q4 2024, total gold demand, including OTC investment, grew by 1% year-on-year, reaching a quarterly peak and contributing to a record annual total of 4,974 tonnes, according to the World Gold Council. This growing demand for gold is fueling the expansion of the market.

Companies in the precious metals management sector are focusing on technological innovations such as regulated precious metals tokenization platforms. These platforms digitally represent physical metals as blockchain-based tokens, allowing secure, transparent, and efficient trading and ownership transfer. In March 2022, VNX Commodities AG, based in Liechtenstein, launched a regulated platform for tokenizing precious metals, beginning with VNX Gold. Each Ethereum-based token represents one gram of physical gold stored in a fully insured vault, with gold bars uniquely linked to the tokens. The platform complies with Liechtenstein’s Blockchain Act, is regulated by the Financial Market Authority, and adheres to KYC and AML standards, combining gold’s stability with crypto asset flexibility.

In March 2024, Sibanye-Stillwater, a South African mining and metals processing company, acquired Reldan Group for $155.9 million. The acquisition strengthens its US platinum group metals (PGM) recycling operations, expands its global circular economy presence, and supports sustainability objectives, including progress toward net zero emissions. Reldan Group, a US-based precious metals recycling company, specializes in e-waste recycling and the recovery of valuable metals, providing comprehensive precious metals management services.

Major players in the precious metals management market are Heraeus Holding, Umicore N.V., Johnson Matthey Plc, Newmont Corporation, Barrick Mining Corporation, Anglo American Platinum Limited, Sibanye Stillwater Limited, Impala Platinum Holdings Limited, Agnico Eagle Mines Limited, Brinks Company, Gold Fields Limited, Harmony Gold Mining Co. Ltd., Fresnillo Plc, Pan American Silver Corp., Franco-Nevada Corporation, Wheaton Precious Metals Corp., Hecla Mining Company, First Majestic Silver Corp., Royal Gold Inc., Tanaka Kikinzoku Kogyo K.K., Norilsk Nickel, Valcambi SA, and Kitco Metals Inc.

North America was the largest region in the precious metals management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in precious metals management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the precious metals management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The steep increase in U.S. tariffs and the triggered trade tensions in spring 2025 are profoundly impacting the metal and minerals sector by disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. Domestic mills have raised prices in response to reduced import competition, but capacity constraints limit their ability to meet demand. Mining firms, meanwhile, grapple with retaliatory tariffs on mineral exports, particularly lithium and rare earths. Industry players are investing in scrap metal recycling, lobbying for exemptions, and forming joint ventures with overseas producers to secure stable supply.

Precious metals management involves the careful oversight of valuable metals, including secure acquisition, proper storage, and thorough tracking throughout their lifecycle to maintain integrity and prevent loss or theft. This process relies on strict security measures, detailed record-keeping, and regular audits to ensure accountability and effective control over these assets.

Key services in precious metals management include storage and custody, trading and brokerage, refining and recycling, and asset management. Storage and custody focus on safeguarding physical metals such as gold, silver, and platinum for both individuals and institutions. The sector also encompasses investments in physical metals, financial instruments, and royalty or streaming companies, distributed through online and offline platforms. Precious metals management serves applications in jewelry production, investment and wealth management, and industrial uses, catering to individual investors, institutional clients, industrial users, and other stakeholders.

The precious metals management market research report is one of a series of new reports that provides precious metals management market statistics, including precious metals management industry global market size, regional shares, competitors with a precious metals management market share, detailed precious metals management market segments, market trends and opportunities, and any further data you may need to thrive in the precious metals management industry. This precious metals management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The precious metals management market includes revenues earned by entities by providing services, such as metal trading services, secure vaulting services, logistics and transportation services, risk management, and insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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