The metals sector incorporates a wide range of business activities from precious metals, sheet metals, those used in photovoltaic products as well as those required in construction and other industries. The sheet metal market is particularly strong in the Asia Pacific region with a 45% share of the overall market, with this expected to increase by as much as 20% by 2022.
Sheet metal, especially aluminium, is commonly used in the automobile industry with manufacturers in Singapore exporting metals to countries including India, China and Thailand. The production process has improved significantly in the last few years. It has made it cheaper to manufacture while also producing few carbon dioxide emissions, with carbon emissions previously being one of the problems with aluminium production.
When it comes to metals used in the photovoltaic cell production, several relatively rare metals are used including cadmium, selenium and indium. With Singapore continually striving to move more to renewable energy and solar power being the most viable option, the efficient extraction of these metals and their import is critical.
In the construction industry, the primary metal used is stainless steel, although there is still a significant requirement for solder and wire. In the jewellery industry, platinum and gold are naturally to most prominent with the country have a gold industry which is respected the world over.
Here are the top 10 metal manufacturing companies in Singapore.