GFMS
GFMS (formally Gold Fields Mineral Services)[1] is an English company that does research and consults for metal markets. Since 2011 they have been part of Thomson Reuters. As well as other commodities, they research gold, silver, platinum, palladium, and copper trading.
History[change | change source]
The consultancy’s main publication is the annual Gold Survey, which began in 1967. Consolidated Gold Fields, a mining conglomerate that was later taken over by Hanson plc in 1989, originally started the Gold Survey. After the take over, a company was formed the same year to continue the survey.[2]
Between 1994 and 1998, the company was owned by Gold Fields of South Africa.[3]
Between 1998 and 2003, the company was known as Gold Fields Mineral Services Limited.[4]
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.
In August 2011, GFMS was purchased by Thomson Reuters.[5][6] The execute chairperson Philip Klapwijk left the company.
Reports[change | change source]
In 2011, GFMS estimated 240 tonnes net sale of gold.[7][8]
The company estimated that electronic waste recycling increase 14% between 2000 and 2014.[9] In 2016, they report a silver supply deficit.[10]
In March 2017, GFMS reported that India's gold imports had increased to 50 tonnes; 82% higher than 2016.[11]
References[change | change source]
- ↑ Jha, Dilip Kumar (2008-04-10). "Jewellery demand likely to slide by 8%". Business Standard India. Retrieved 2021-08-04.
- ↑ "Company History". GFMS. Archived from the original on 16 October 2013. Retrieved 6 September 2012.
- ↑ "Company History". GFMS. Archived from the original on 16 October 2013. Retrieved 6 September 2012.
- ↑ "GFMS LIMITED - Overview (free company information from Companies House)". find-and-update.company-information.service.gov.uk. Retrieved 2021-08-04.
- ↑ "Company History". GFMS. Archived from the original on 16 October 2013. Retrieved 6 September 2012.
- ↑ "Eikon Financial Analysis & Trading Software". www.refinitiv.com. Retrieved 2021-08-04.
- ↑ "Mexican central bank buys 100 tonnes of gold". Financial Times. 2011-05-04. Retrieved 2022-04-01.
- ↑ "Thomson Reuters acquires UK-based analyst firm GFMS | STM Publishing News". Retrieved 2022-04-01.
- ↑ Erica Rannestad (2021-09-30). "Electronic Waste: A Small but Growing Source of Secondary Supply to the Precious Metals Market". web.archive.org. Archived from the original on 2021-09-30. Retrieved 2022-04-01.
- ↑ "GFMS: Silver Market To Post Fourth Straight Supply Deficit In 2016". Kitco News. 2016-11-17. Archived from the original on 2022-09-27. Retrieved 2022-04-01.
- ↑ Reuters (2017-03-01). "Gold imports surge to 50 tonnes on pent-up demand: GFMS". Business Standard India. Retrieved 2022-04-01.
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