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 Analysis Chapter
A wide range of minerals are mined within the Salt and Other Mineral Mining industry. These vary from salt harvested within designated ponds and used for chemical and food manufacturing, to phosphate used to make fertiliser and silica used to make glass for windows. Furthermore, lithium minerals are mined for further processing to be used in batteries and other goods. Due to the range of industry products and variety of downstream buyers, industry revenue volatility tends to be moderate from year to year.
Revenue and profit growth
Industry revenue is expected to increase at an annualised 3.8% over the five years through 2015-16, to $2.0 billion. This growth has mainly been driven by higher salt, lithium mineral and phosphate volumes, and some pricing growth... purchase to read more