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 Investment Chapter
The Salt and Other Mineral Mining industry has high capital intensity requirements. The industry has substantial needs for working capital, reflecting the often-lengthy period between the commencement of production and the availability of output for sale, as well as the need to hold stocks. To calculate the capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital and wages are used as a proxy for labour. In 2015-16, depreciation is projected to account for 9.6% of industry revenue, with wages at 16.4%. These show that for each $1.00 required for labour inputs, approximately $0.59 will be invested in capital plant, equipment and vehicles during the year... purchase to read more