Industry Analysis & Industry Trends
Australia is one of the world's major copper mining countries, although its output lags behind that of Chile, Peru, the United States and China. Chile alone represents about one-third of global copper mine output. Australia's copper ore production is expected to be 1.06 million tonnes in 2012-13, compared with 863,100 tonnes in 2007-08. The industry is forecast to generate revenue of $8.04 billion in 2012-13, up from $6.84 billion in 2007-08 (yielding annualised growth of 3.3%). Revenue growth in 2012-13 is expected to be 3.3%; both production volumes and, to a lesser extent, Australian dollar copper prices are expected to increase. Exports will absorb over half the volume of mine output, with India, China, Japan and South Korea dominating those sales... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Copper Ore Mining industry is growing, even though it has many of the characteristics of a mature industry. Its product is well known rather than new, having been used in construction and electrical applications for decades. In addition, the bulk of industry output has been produced by well-established operations for many years. Typically, the lead times associated with new mines or substantial mine expansions are long. In addition, new output tends to become available in large, irregular increments as new mines are opened.
The value industry output is expected to expand by 3.4% per year over the decade through 2017-18, compared with GDP growth of 2.4% per year.
The industry has undergone some changes in the technology employed... purchase to read more