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 more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

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 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 relatively high proportions of industry enterprises in 2018-19, these firms are generally 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 enterprises numbers in the current year. Sou...purchase to read more.

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

    IBISWorld has determined the most important Key Success Factors for the Copper, Silver, Lead and Zinc Smelting and Refining 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 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 Group Limited, Nyrstar Australia Pty Ltd,
  • Table: Sun Metals Holdings Limited - financial performance
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: BHP Group 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
  • 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

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    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

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