French testing, inspection and certification major Bureau Veritas says strong precious metals prices and volume ramp-ups in analytical laboratories across the Middle East, Europe and the United States underpinned high-single-digit third-quarter organic growth in its global metals and minerals business.
Metals and minerals accounted for 38% of Bureau Veritas Agri-Food & Commodities division revenue of €284.5 million for the September quarter, with the division total up 2.5% year-on-year.
“With the recent acquisition of GeoAssay in Chile and with its existing network, Bureau Veritas is strategically positioned to capitalise on the fast growth and strategic copper market,” the company said.
Its overall Q3 revenue of €1583.7 million was up 2.3% yoy.
Marine & Offshore led the way with 16.2% yoy revenue growth, while Buildings & Infrastructure was 7.1% higher.
