Page 13 - Bullion World Volume 03 Issue 07 July 2022

Bullion World | Volume 2 | Issue 07 | July 2022

MMTC-PAMP has established breakers, relays, etc., and are a part beautiful Shankh-shaped 24k 999.9
a new facility for silver refining of almost every appliance. purest gold coin for Akshaya Tritiya
and manufacture of electrical PAMP Precision, MMTC PAMP’s and have now brought 8 gm King &
contact business. What is the wholly-owned subsidiary, produces Queen guineas to cater to the gifting
motivation for this? How big is these contacts made of silver and demand in the wedding season.
the opportunity? silver alloys and delivers on the We also launched unique silver
Silver’s share in the industrial space highest quality standards. This collectibles in collaboration with the
is gradually growing in India, and extension of our business opens an World Wildlife Fund on World Wildlife
we can see huge demand coming excellent opportunity to cater to a Day to raise awareness about
in from the electrical sectors. In new and more significant segment. endangered species.
2021, global physical silver demand MMTC-PAMP industrial silver plant
increased by 19 percent from 2020 plans to produce more than 100 Master alloys are another
to reach 1.049 billion ounces. As million pieces of contacts this year value-addition route taken up
per Metals Focus, India consumed and double the digits by the end of by MMTC-PAMP. How is that
about 4,500 tons of silver in 2021, next financial year. business doing? What is the total
with 40% of it in jewelry and nearly a market size of master alloys in
quarter in the industrial sector. This MMTC-PAMP is a pioneer in India currently? What are the
demand is projected to rise by a third online/digital gold and silver growth levers?
to reach 5,900 tons this year. initiatives. What are the new The Master alloys business is
MMTC-PAMP's new industrials innovative products/strategies thriving, and we have seen a 130%
plant has been set up in Haryana's MMTC-PAMP is pursuing to growth since the previous fiscal year.
Mewat to foray into the industrial expand its presence in the The key growth lever there is MMTC-
silver business. It is a strategic move space? Any new end-use cases? PAMP’s integrated offerings which
aligned with Govt of India’s focus on At MMTC-PAMP, we strive to bring ensure jewellery manufacturers can
boosting the share of manufacturing our customers the best and most get the entire gamut of services,
in the economy and expanding innovative products. Keeping in mind from recycling old gold to bullion
into an industry that positively the rich cultural heritage of India, bars and now master alloys too.
impacts day-to-day life. The electric we have been launching coins for
contacts are used in switches, circuit various occasions. We crafted a

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