Going into smelt-down: Falling copper prices have caused large revenue declines

IBISWorld’s Copper, Silver, Lead and Zinc Smelting and Refining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Revenue is expected to decline in the current year as copper output decreases
  • Profit margins have fallen over the past five years due to lower metal prices
  • Metal ore refining and smelting companies should benefit from strengthening US dollar prices

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    Industry Analysis & Industry Trends

    Downstream industries use copper extensively to manufacture a range of electrical goods and building materials due to copper’s versatility and ability to conduct electricity and heat. Downstream manufacturing industries use refined copper to make copper products, such as wire and pipes, which are supplied to other manufacturers and construction firms. This refined copper is part of the industry’s output. The industry also refines silver, lead and zinc, which are other major non-ferrous metals.

    The Copper, Silver, Lead and Zinc Smelting and Refining industry is expected to generate revenue of $2.5 billion in 2016-17, with annualised declines of 7.6% over the past five years due to reductions in the price of copper. This fall in industry revenue includes an anticipated decline of 6.2%...

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    Industry Report - Industry Locations Chapter

    The geographic spread of the industry's output is influenced by the location of mine production, since most smelters and refineries are located reasonably close to the mineral resource. A key factor in determining smelter and refinery location is the desire to reduce the cost of transporting the mineral concentrate to the processing facility. Although New South Wales and Victoria are both expected to account for high proportions of industry establishments in 2016-17, they are relatively small in scale and only account for small percentages of industry revenue each year.

    Queensland is a major producer of copper, zinc and lead, and therefore accounts for a high proportion of industry revenue and establishment numbers in 2016-17. Sou..

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    Additional Insights for the Copper, Silver, Lead and Zinc Smelting and Refining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Copper, Silver, Lead and Zinc Smelting and Refining Industry are

  • Production of goods currently favoured by the market
  • Upstream and downstream ownership links
  • Output is sold under contract - incorporate long-term sales contracts
  • IBISWorld analysts also discuss how external factors such as World price of copper and Base metals price index in the Copper, Silver, Lead and Zinc Smelting and Refining industry impact industry performance..

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    Industry Products

    What is the Copper, Silver, Lead and Zinc Smelting and Refining Industry?

    Industry firms smelt and refine copper, silver, lead and zinc. Ore concentrate for smelting and refining can be supplied from the same company, or from a third party on a contract basis for a fee. Industry firms may also recover these metals from waste or scrap and produce sulphuric acid as a smelting by-product.

    Industry Products
    Copper cathode
    Sulphuric acid
    Industry Activities
    Blister copper
    Copper smelting or refining
    Recovering copper, silver, lead or zinc from scrap or waste materials
    Electrolytic zinc
    Lead smelting or refining
    Silver smelting or refining
    Silver-lead bullion
    Copper wire bar
    Zinc smelting or refining
    Sulphuric acid (by-product) production

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of copper
  • Base metals price index
  • Demand from copper ore mining
  • US dollars per Australian dollar
  • Demand from copper tubes and wire manufacturing
  • Demand from silver, lead and zinc ore mining

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Production trends
  • Price trends
  • Future industry trends
  • Table: Copper, Silver, Lead and Zinc Smelting and Refining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Copper, Silver, Lead and Zinc Smelting and Refining Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Copper Ore Mining
  • Silver, Lead and Zinc Ore Mining
  • Copper Tubes and Wire Manufacturing
  • Non-Ferrous Metal Casting
  • Photographic and Optical Goods Manufacturing

  • Key Selling Industries
  • Copper Ore Mining
  • Fossil Fuel Electricity Generation
  • Silver, Lead and Zinc Ore Mining

  • Products & Services
  • Copper cathode
  • Zinc
  • Lead
  • Silver
  • Sulphuric acid
  • Chart: Copper, Silver, Lead and Zinc Smelting and Refining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Copper mining companies
  • Silver, lead and zinc mining companies
  • Copper product manufacturers
  • Galvanising industries
  • Other metal product manufacturers
  • Other industries
  • Chart: Major Market Segmentation for the Copper, Silver, Lead and Zinc Smelting and Refining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Copper, Silver, Lead and Zinc Smelting and Refining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Copper, Silver, Lead and Zinc Smelting and Refining Industry

  • Industry Globalization
    Major Companies
    Glencore Holdings Pty LimitedBHP Billiton LimitedSun Metals Holdings LimitedNyrstar Australia Pty Ltd
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: Sun Metals Holdings Limited - financial performance
  • Table: Nyrstar Australia Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Copper, Silver, Lead and Zinc Smelting and Refining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Copper, Silver, Lead and Zinc Smelting and Refining Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Refined Copper Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Blister Copper
  • A copper product that is the result of copper smelting. Blister copper is then refined to produce copper cathode.
  • Concentrate
  • A very fine, powder-like product containing the valuable ore mineral from which some of the waste mineral has been eliminated.
  • Copper Cathode
  • This is the final copper product after copper ore concentrate has been refined and smelted.
  • Nameplate Capacity
  • The output of a mine at its maximum intended operation.
  • Reserve Life
  • The expected remaining life of a mine, considering likely ore reserves.
  • Secondary Recovery
  • The reprocessing of metal into new ingots.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Copper, Silver, Lead and Zinc Smelting and Refining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Copper, Silver, Lead and Zinc Smelting and Refining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Copper, Silver, Lead and Zinc Smelting and Refining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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