Industry Analysis & Industry Trends
The industry's major products are salt and lithium minerals. A large proportion of the salt collected is exported to chemical product manufacturing plants in Asia, while lithium is also mainly exported. Australia's salt production is expected to total 13.6 million tonnes in 2015-16, up from 12.9 million tonnes in 2010-11 as miners increased output to offset low pricing growth. Although Australia's salt production volumes are lower than other major salt producing countries, it is the world's largest exporter of salt as it exports the bulk of its production. Other important industry products are phosphate, silica, gypsum and magnesite.
The industry is forecast to grow at an annualised 3.8% over the five years through 2015-16, to reach $2.0 billion. This includes a 5.5%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Salt and Other Mining industry has a medium concentration level, with the four largest companies estimated to account for 47.7% of industry revenue in 2015-16. This medium level is due to a small number of major companies having a major presence in the industry, such as Windfield Holding's major lithium mineral mining business via its ownership of Talison Lithium Limited, Rio Tinto's major share of salt mining, and CI Resources Limited's extensive phosphate mining activity via Phosphate Resources Limited. Industry concentration has increased in the past five years, with the strong revenue growth of Windfield Holdings and CI Resources Limited.
Economies of scale play a major role in industry activity, particularly for salt mining and harvesting... purchase to read more