Industry Analysis & Industry Trends
Australia dominates world output of the major mineral sands due to large natural reserves and extensive mining sites. However, industry production volumes have declined over the past five years due to volatile pricing and mixed downstream demand. A high proportion of the industry's products are processed by downstream smelting and refining companies prior to export or for use by domestic manufacturers. Titanium dioxide products are mainly sold to pigment manufacturers, although zircon is primarily sold to producers of refractory bricks (to be used in metal smelting operations). Therefore, industry demand is largely derived from these downstream manufacturing markets.
The Mineral Sand Mining industry is expected to decline at an annualised 3.1%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mineral Sand Mining industry is in the decline phase of its life cycle. This is due to industry revenue falls in the past five years. Further, industry value added, which is the industry's contribution to national GDP, is estimated to decrease at an annualised rate of 3.0% in the 10 years through 2021-22. This is in contrast to the growth rate of Australia's GDP over the same period at an estimated 2.6%. This shows that the industry will account for a smaller proportion of the economy in 2021-22 than it did in 2011-12.
The bulk of production is accounted for by well-established industry operations. However, production volumes are volatile from year to year and have generally declined in the past five years... purchase to read more