Overview

All that glitters: Falling gold prices have led to lower gold refining volumes

IBISWorld’s Gold and Other Non-Ferrous Metal Processing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Slow output growth, lower gold prices and a stronger Australian dollar will restrict revenue
  • Industry profit has been low due to high purchase costs as a proportion of revenue
  • Stronger economic conditions will cause increased competition from other asset investment options

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    Industry Analysis & Industry Trends

    The Gold and Other Non-Ferrous Metal Processing industry mainly processes semi-refined gold. Semi-refined gold and gold dore bars are supplied to the industry to be further processed into refined gold. Some of these intermediate gold products are also processed in the industry when produced by non-mining companies. Refined gold volumes are expected to total 328.3 tonnes in 2016-17, up from 321.5 tonnes in 2011-12 due to higher mining volumes. Although the industry refines a substantial volume of gold, some firms do so for a fee. These firms do not own either the gold bullion feedstock or the refined gold produced. The refining fee earned by these industry participants represents only a small fraction of industry revenue...

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    Industry Report - Industry Key Buyers Chapter

    Industry concentration is medium, with the four largest firms estimated to account for almost two-thirds of industry revenue in 2016-17. Industry concentration has increased in the past five years as Gold Corporation and Pallion Group expanded as the industry declined. Further, the industry's larger companies are expected to increase their combined market share over the next five years as metal prices stabilise or increase.

    Industry concentration in the gold-processing segment has increased over the past five years due to the dominance of Gold Corporation and the rapid expansion of Pallion Group. Although these are the largest firms in the industry, other large multinational companies contribute significant industry volumes. Gol..

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    Additional Insights for the Gold and Other Non-Ferrous Metal Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gold and Other Non-Ferrous Metal Processing Industry are

  • Supply contracts in place for key inputs
  • Upstream vertical integration (ownership links)
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as World price of gold and Demand from gold ore mining in the Gold and Other Non-Ferrous Metal Processing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Gold and Other Non-Ferrous Metal Processing Industry?

    Industry firms smelt and refine gold, nickel and tin, and cast these metals into ingots, bars, sheets and other basic shapes. These manufacturing processes are carried out after the ore has undergone a beneficiation process at the mining phase to produce ore concentrate. Some firms in the industry also smelt, refine and manufacture other non-ferrous metals, such as bronze, silicon and titanium. Producers may also recover these non-ferrous metals from scrap.

    Industry Products
    Australian-origin primary gold processing
    Overseas-origin primary gold processing
    Nickel processing
    Overseas-origin secondary gold processing
    Other non-ferrous metal processing
    Australian-origin secondary gold processing
    Industry Activities
    Bronze
    Gold refining and gold dore bar production
    Molybdenum and tantalum metal powder
    Nickel oxide production in association with nickel smelting
    Nickel smelting or refining
    Non-ferrous alloys
    Non-ferrous metals refining
    Recovering non-ferrous metals from waste materials
    Tin, titanium, silicon, bismuth and other rare-earth metal smelting
    Welding rod and solder

    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 gold
  • Demand from gold ore mining
  • US dollars per Australian dollar
  • World price of nickel

  • Current Performance
  • Gold prices
  • Other industry segments
  • Exports and imports
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry revenue
  • Nickel and silicon
  • Exports and imports
  • Table: Gold and Other Non-Ferrous Metal Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gold and Other Non-Ferrous Metal Processing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Gold Ore Mining
  • Iron Smelting and Steel Manufacturing
  • Non-Ferrous Metal Casting
  • Jewellery Manufacturing

  • Key Selling Industries
  • Fossil Fuel Electricity Generation
  • Gold Ore Mining
  • Nickel Ore Mining
  • Salt and Other Mineral Mining

  • Products & Services
  • Australian-origin primary gold processing
  • Overseas-origin primary gold processing
  • Overseas-origin secondary gold processing
  • Nickel processing
  • Other non-ferrous metal processing
  • Australian-origin secondary gold processing
  • Chart: Gold and Other Non-Ferrous Metal Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Chinese gold markets
  • UK gold markets
  • Other gold export markets
  • Singapore gold markets
  • Domestic gold markets
  • Nickel and other export markets
  • Other domestic metals markets
  • Chart: Major Market Segmentation for the Gold and Other Non-Ferrous Metal Processing 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 Gold and Other Non-Ferrous Metal Processing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gold and Other Non-Ferrous Metal Processing Industry

  • Industry Globalization
    Major Companies
    Gold CorporationPallion Group Pty Limited
  • Table: Gold Corporation - financial performance
  • Table: Pallion Group Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gold and Other Non-Ferrous Metal Processing 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 Gold and Other Non-Ferrous Metal Processing Industry
    Includes:
  • 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)
  • Total Gold Refined (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Beneficiation
  • Basic processes that extract minerals from a mined ore.
  • Gold Dore Bars
  • Semi-refined gold bars produced by mining companies that require further processing and refining to produce pure gold.
  • Nickel Matte
  • A semi-refined form of nickel produced when sulphide nickel ore is smelted.
  • Non-Ferrous Metal
  • Non-ferrous metals and alloys do not contain any significant amount of iron.
  • Primary Gold
  • Gold that is generally found deep underground in veins that requires extensive mining operations to extract.
  • Secondary Gold
  • Gold found near the surface of the Earth in nugget form that is easier to extract than primary gold.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gold and Other Non-Ferrous Metal Processing:
    • 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 Gold and Other Non-Ferrous Metal Processing 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 Gold and Other Non-Ferrous Metal Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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