Lead weight: Reduced world price of copper has contributed to industry revenue declines

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.Revenue for the Copper, Silver, Lead and Zinc Smelting and Refining industry is expected to decline by 0.5% over the five years through 2017-18, to $2.7 billion, due to reductions in the price of copper. In the current year, industry revenue is projected to increase...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Revenue is expected to grow over the current year, as copper output increases
  • Profit margins have increased over the past five years due to lower input prices
  • Metal ore refining and smelting companies should benefit from strengthening US dollar prices
  • Industry Report - Starting a New Business Chapter

    Entry barriers to the industry are high for new firms. The high degree of vertical integration across the refining, smelting and mining industries poses a substantial entry barrier for new firms. Substantial funds are required for refining and smelting plant and equipment, and for staff to carry out labour requirements. A new entrant to the industry needs to establish supply contracts with mining companies, or enter the mining industry as well to ensure adequate ore concentrate supply, which further increases the capital outlay. Establishing mining and manufacturing facilities requires large amounts of capital, and only large companies are likely to be able to attract the funds required to meet these needs...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 Base metals price index 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
  • Silver
  • Lead
  • 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
  • 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
  • Revenue declines
  • Other industry trends
  • Profit and participation
  • 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

  • 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
  • Silver
  • Lead
  • 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
  • Profit
  • Purchases
  • Wages
  • Utilities
  • Depreciation and rent
  • Other
  • 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
    Glencore Holdings Pty Limited, Sun Metals Holdings Limited, Nyrstar Australia Pty Ltd, BHP Billiton Limited,
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: Sun Metals Holdings Limited - financial performance
  • Table: Nyrstar Australia Pty Ltd - financial performance
  • Table: BHP Billiton Limited - 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
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Refined Copper Output (2009-2023)

  • 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 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.

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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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