LBMA Media Centre

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The Outlook for Silver Industrial Demand - Philip Newman, Metals Focus

Saturday, August 31, 2013

Silver industrial demand has gone through a difficult period in recent years. The 2008 global recession and subsequent sluggish economic recovery have impacted end-use demand in a number of key industrial sectors. In addition, high and volatile silver prices have incentivised manufacturers to thrift on the use of silver in a range of applications. While the economic impact on industrial offtake is cyclical in nature, thrifting in practice is rarely reversed and effectively results in demand destruction.

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Philip Newman, Director, Metals Focus 
Prior to forming Metals Focus with Nikos Kavalis and Charles de Meester, Philip was Research Director at Thomson Reuters GFMS, formerly GFMS, where he spent 19 years. During his time there, Philip was responsible for precious metals research in the United States, parts of the Middle East and the United Kingdom. Philip received a BSc (Hons) Economics from the University of Surrey

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