Industry Analysis & Industry Trends
The Nickel and Other Basic Non-Ferrous Metal Manufacturing industry has been extremely volatile over the past five years. The period has been characterised by large swings in industry revenue, reflecting dramatic shifts in US dollar prices for nickel and substantial variations in the value of the Australian dollar. The industry is expected to generate revenue of $4.75 billion in 2012-13, compared with $7.68 billion in 2007-08, equating to a fall of 9.2% per year. Industry revenue is forecast to fall by 2.2% in 2012-13, mainly due to lower nickel prices. The industry is expected to produce less than 0.1% of Australia's GDP in 2012-13 and generate profit of $160.5 million.
The main product manufactured by the industry is refined nickel... purchase to read more
Industry Report - Industry Analysis Chapter
Trends in refined nickel production and prices determine the performance of the Nickel and Other Basic Non-Ferrous Metal Manufacturing industry. Nickel price movements have played a dominant role over the five years through 2012-13.
Industry revenue is expected to fall by 9.2% per year over the five years through 2012-13, to just $4.75 billion. The decline is overwhelmingly the result of a collapse in nickel prices over the period. Nickel prices soared on the back of strong global demand and supply disruptions in 2006-07 to average US$37,942 per tonne. The upswing was followed by a precipitous dive during the global financial crisis: the nickel price averaged US$13,222 per tonne in 2008-09... purchase to read more