Silver lining: Growing zinc and lead prices have boosted revenue despite falling copper prices

Revenue for the Copper, Silver, Lead and Zinc Smelting and Refining industry is expected to increase at an annualised 4.3% over the five years through 2018-19, to $2.9 billion. This solid growth has been due to higher prices for zinc and lead, and despite lower production volumes and copper prices. In the current year, industry revenue is projected to increase by 6.6%, as copper output and prices grow. Industry exports are expected to total $6.8 billion in the current year, substantially above industry revenue for the year. The industry often processes metal for a fee without taking ownership of it. Exports of this processed metal are counted in industry exports. As a result, industry exports can exceed industry revenue on an annual basis...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
4.3%
Forecast Growth 19-24
Profit
Employment
2,220
Businesses
40

Industry Threats & Opportunities

  • Revenue is expected to grow over the current year as copper and zinc prices rise, and as volumes increase
  • Profit margins have grown over the past five years due to higher final prices and lower input costs
  • Smelting and refining firms are likely to benefit from higher copper and zinc ore mining volumes
  • Industry Report - Industry Key Buyers Chapter

    The Copper, Silver, Lead and Zinc Smelting and Refining industry is highly concentrated, with the four largest companies accounting for 91.7% of industry revenue in 2018-19. The high market share concentration reflects the large minimum size required for a smelter or refinery to be economic. There are two main copper refining and smelting facilities in Australia: Glencore's smelter and refinery and BHP Billiton's smelter-refinery. Similarly, few plants specialise in smelting or refining lead, silver and zinc.Industry concentration has been high for over a decade. There are only a small number of major base-metal smelting and refining facilities, which have been in the hands of even fewer companies for many years due to mergers and acquisitions. The...purchase to read more.

    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
  • 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 US dollars per Australian dollar in the Copper, Silver, Lead and Zinc Smelting and Refining industry impact industry performance..

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    What's in this report

    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
  • Refined silver
  • Refined lead
  • Refined zinc
  • 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

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

  • Current Performance
  • Revenue and volumes
  • International trade changes
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Production trends
  • Price changes
  • 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

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

  • Industry Globalization
    Sun Metals Holdings Limited, Glencore Holdings Pty Limited, BHP Billiton Limited, Nyrstar Australia Pty Ltd,
  • Table: Sun Metals Holdings Limited - financial performance
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: Nyrstar Australia Pty Ltd - financial performance

  • 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
    Table: Industry Data for the Copper, Silver, Lead and Zinc Smelting and Refining Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Refined Copper Output (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Copper, Silver, Lead and Zinc Smelting and Refining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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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