GFMS (formally Gold Fields Mineral Services) are research and consultancy company for the precious metal markets. Since 2011 they have been part of

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...

. As well as other commodities, they research

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...

silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...

platinum Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Pla ...

palladium Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself na ...

, and

copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...

trading.

History

The consultancy’s core publication is the annual ''Gold Survey'', which began in 1967.

Consolidated Gold Fields Consolidated Gold Fields was a British gold-mining company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Hanson in 1988. History Consolidated Gold Fields of South Africa was fou ...

, a mining conglomerate that was later taken over by

Hanson plc Hanson UK, formerly Hanson Trust plc, is a British-based building materials company, headquartered in Maidenhead. The company has been a subsidiary of the German company HeidelbergCement since August 2007, and was formerly listed on the London ...

in 1989, originally launched the ''Gold Survey''. After the take over, a company was formed the same year to continue the survey. Between 1994 and 1998, the company was owned by Gold Fields of South Africa. Between 1998 and 2003, the company was known as Gold Fields Mineral Services Limited. In 1998, members of the research team completed a management buy out of GFMS from GFSA, and the consultancy gained full independence. In 2002, GFMS became an associate member of the

London Bullion Market Association The London Bullion Market Association (now known simply as LBMA), established in 1987, is the international trade association representing the global Over The Counter (OTC) bullion market, and defines itself as "the global authority on precious ...

. In August 2011, GFMS was purchased by

. The execute chairperson

Philip Klapwijk Philip Klapwijk (born 1962) is an economist in precious metals commodities markets. After studies at the London School of Economics and the College of Europe in Bruges where he obtained degrees in economics, he started work as an analyst with Go ...

left the company.

Business

GFMS analysts present at conferences and seminars on precious metals and commodities. They provide information to the

news media The news media or news industry are forms of mass media that focus on delivering news to the general public or a target public. These include news agencies, print media (newspapers, news magazines), broadcast news (radio and television), and ...

. Their reports include: * ''GFMS Gold Mine Economics'' * ''GFMS Copper Mine Economics'' * ''GFMS Société Générale Global Hedge Book Analysis'' * ''GFMS Société Générale Central Bank Reports'' * ''GFMS Gold Survey'' (annual) * ''World Silver Survey'' (annual) * ''Platinum & Palladium Survey'' (annual) * ''Gold and silver supply/demand benchmark'' * ''GFMS Surveys and Forecasts, and the Mine Economics database'' (provided via the Thomson Reuters Eikon platform)

Reports

In 2011, GFMS estimated 240 tonnes net sale of gold. The company estimated that electronic waste recycling increase 14% between 2000 and 2014. In 2016, they report a silver supply deficit. In March 2017, GFMS reported that

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

's gold imports had increased to 50 tonnes; 82% higher than 2016.

References

{{reflist, 30em

External links

Thomson Reuters Eikon for Metal Professionals
Research and analysis firms Precious metals Companies established in 1989

History

Business

Reports

See also

References

External links