Losing lustre: Falling world copper prices have decreased industry revenue

Copper is one of the world's most versatile and useful metals. It conducts heat and electricity and is widely used in electronic devices and electrical wiring. Computers and other digital devices require heat sinks to prevent overheating and these systems are often made of copper. Australia is one of the world's major copper mining countries, behind Chile, Peru, the United States and China. Chile alone represents about one-third of global copper output.Australia's copper ore production is expected to increase in 2017-18 as the industry's major players increase output in response to stabilising prices. In the current year, industry revenue is projected to increase by 5.3% to reach $6.0 billion. Exports are estimated to account for 86.8%...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
-1.9%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
5,818
Businesses
65
Market Share of Companies

Industry Threats & Opportunities

  • A weakening Australian dollar has largely offset falling global copper prices over the past five years
  • Australia's copper production volumes have increased over the period
  • The Copper Ore mining industry is forecast to return to growth over the next five years

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    Industry Report - Industry Investment Chapter

    The Copper Ore Mining industry is highly capital-intensive. A high proportion of the industry's capital is tied up in underground mining equipment and, in the case of open-cut mines, heavy earth-moving equipment. Industry operators also invest in crushing mills and beneficiation facilities, where the ore is purified on site to form copper concentrate. This capital plant and equipment requires substantial investment, which is essential for companies to increase productivity and remain competitive.For each dollar required for labour inputs during 2017-18, approximately $0.89 is projected to be invested in industry plant, equipment and vehicles during the year. Cap...purchase to read more.

    Additional Insights for the Copper Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Copper Ore Mining Industry are

  • Availability of resources
  • Downstream ownership links
  • Ability to alter goods and services produced in favour of market conditions

    • IBISWorld analysts also discuss how external factors such as World price of copper and US dollars per Australian dollar in the Copper Ore Mining industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Copper Ore Mining Industry?

    Firms in the industry mine copper ore and carry out beneficiation processes. These basic processes convert the copper ore into copper concentrate, which downstream processors then smelt and refine into copper products and copper cathode.

    Industry Products
  • Copper concentrate
  • Electrowinning copper concentrate
  • Copper ore
    • Industry Activities
  • Copper ore leaching
  • Copper ore mining
  • Copper ore beneficiation processes
  • Electrowinning copper 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
  • US dollars per Australian dollar
  • Demand from building construction
  • Demand from copper tubes and wire manufacturing
  • Demand from copper, silver, lead and zinc smelting and refining

    • Current Performance
  • Revenue and prices
  • Output growth
  • Export demand
  • Copper uses
  • Chart: Revenue Growth

    • Industry Outlook
  • Growing global demand
  • Expanding output
  • Going up
  • Table: Copper Ore Mining Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Copper Ore Mining Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Copper, Silver, Lead and Zinc Smelting and Refining

    • Key Selling Industries
  • Contract Mining Services
  • Mineral Exploration
  • Mining Support Services
  • Petroleum Product Wholesaling

    • Products & Services
  • Copper concentrate
  • Electrowinning copper concentrate
  • Copper ore
  • Chart: Copper Ore Mining Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Chinese copper manufacturers
  • Japanese copper manufacturers
  • Other foreign copper manufacturers
  • Domestic copper smelters and refiners
  • Indian copper manufacturers
  • Chart: Major Market Segmentation for the Copper Ore Mining 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 Ore Mining

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Copper Ore Mining Industry

    • Industry Globalization

    Major Companies

    Glencore Holdings Pty Limited, BHP Billiton Limited, OZ Minerals Limited, Newcrest Mining Limited, Sandfire Resources NL,
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: OZ Minerals Limited - financial performance
  • Table: Newcrest Mining Limited - financial performance
  • Table: Sandfire Resources NL - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Copper Ore Mining 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 Ore Mining Industry
    Includes:
  • 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)
  • Copper Content from Ore (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Beneficiation
  • Basic processes used to convert copper ore into copper concentrate. These processes include crushing, grinding and flotation.
    • Copper Cathode
  • A pure form of copper that can be used to make copper wire and other copper products.
    • Electrowinning
  • A process used to recover copper by passing an electrical current through a copper bearing solution.
    • Leaching
  • A process used to extract copper from ore that involves dissolving the ore in sulphuric acid solution to extract the copper.
    • Solvent Extraction
  • A process that involves dissolving the copper contained in ore using sulphuric acid and then processing the resulting liquid to recover both the copper and the acid.
    • What Our Customers Say
    Why buy this report?

    The Copper Ore Mining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Copper Ore Mining:
    • 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 Ore Mining 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 Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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