True as steel: Higher manganese prices and rising demand for exports have driven revenue

The Manganese and Other Mineral Mining industry has performed well over the past five years. Industry revenue is expected to increase at an annualised 3.5% over the five years through 2018-19, to $3.0 billion. Despite lower production volumes, higher global manganese prices, particularly in 2016-17, have driven industry revenue growth over the past five years. Industry revenue is expected to increase by 3.0% in the current year, due to rising production volumes and export revenue.Manganese is used in iron smelting and steel manufacturing processes as a key raw material to strengthen steel. As a result, global steel production volumes largely determine demand for manganese, with China being the most significant buyer of the industry’s output...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
3.5%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
3,420
Businesses
115
Market Share of Companies

Industry Threats & Opportunities

  • Manganese is used in iron smelting and steel manufacturing processes to strengthen steel
  • Despite rising overall, manganese prices have displayed volatility over the past five years
  • Manganese production and prices will largely continue to determine the industry’s performance

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    Industry Report - Industry Key Buyers Chapter

    The Manganese and Other Mineral Mining industry is highly concentrated, with a small number of firms accounting for a large proportion of manganese, tin and tantalum output. South32 Limited and Anglo American Australia Limited account for the bulk of the industry’s output and revenue. These two firms are projected to account for 64.5% of industry revenue in the current year, with the industry’s four largest firms accounting for 73.7% of revenue. This concentration has increased over the past five years, as the largest companies have outperformed the industry and increased their respective market shares.The industry’s high concentration reflects the large operating scale required for firms to operate efficiently. The...purchase to read more.

    Additional Insights for the Manganese and Other Mineral Mining Industry

    IBISWorld has determined the most important Key Success Factors for the Manganese and Other Mineral Mining are:

  • Availability of resource
  • Output is sold under contract - incorporate long-term sales contracts
  • Optimum capacity utilisation

    • IBISWorld analysts also discuss how external factors such as Base metals price index and US dollars per Australian dollar in the Manganese and Other Mineral Mining industry impact industry performance..

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    Industry Products

    What is the Manganese and Other Mineral Mining Industry?

    Industry companies mine manganese, beryllium, bismuth, molybdenite, platinum group metals, tantalum, tin ore, tungsten and other metallic ores, and undertake basic processing operations. Manganese is the main ore mined by the industry. After processing, manganese is typically used as an alloy and for various other industrial applications.

    Industry Products
  • Manganese ore
  • Tin ore
  • Tantalum ore
  • Other mineral ores
    • Industry Activities
  • Antimony, beryllium and bismuth ore mining
  • Chromite mining
  • Iron pyrite mining
  • Manganese ore mining
  • Molybdenite mining
  • Other metallic ore mining
  • Platinum group metals mining
  • Tantalum mineral mining
  • Tin ore mining
  • Tungsten ore mining
    • 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
  • Base metals price index
  • US dollars per Australian dollar
  • Demand from iron smelting and steel manufacturing
  • World price of iron ore
  • World price of steel

    • Current Performance
  • Revenue and profit
  • Manganese output and prices
  • High export volumes
  • Enterprises and employment
  • Chart: Revenue Growth

    • Industry Outlook
  • Revenue and profit
  • Manganese

    volume growth

  • Other industry trends
  • Table: Manganese and Other Mineral Mining Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Manganese and Other Mineral Mining Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Iron Smelting and Steel Manufacturing
  • Gold and Other Non-Ferrous Metal Processing

    • Key Selling Industries
  • Contract Mining Services
  • Explosives Manufacturing
  • Petroleum Product Wholesaling

    • Products & Services
  • Manganese ore
  • Tin ore
  • Other mineral ores
  • Tantalum ore
  • Chart: Manganese and Other Mineral Mining Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Exports to China
  • Exports to other countries
  • Domestic iron smelters and steel manufacturers
  • Other domestic sectors
  • Chart: Major Market Segmentation for the Manganese and Other Mineral 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 Manganese and Other Mineral Mining

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Manganese and Other Mineral Mining Industry

    • Industry Globalization

    Major Companies

    South32 Limited, Anglo American Australia Limited,
  • Table: South32 Limited - financial performance
  • Table: Anglo American Australia Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Manganese and Other Mineral 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 Manganese and Other Mineral Mining 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)
  • Manganese Ore Output (2010-2024)

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

    Jargon & Glossary

    Alloy
  • A mixture of metals that provides superior qualities compared with a single metal.
    • Beneficiation
  • A process that extracts minerals from a mined ore.
    • Concentrate
  • A very fine, powder-like product containing the valuable ore mineral from which some of the waste mineral has been eliminated.
    • Ferroalloy
  • Relate to iron alloys that contain a high proportion of manganese, aluminium or silicon, and are used in the production of steel and alloys.
    • Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone; the shape of the mine opening varies with the shape of the mineral deposit.
    • Tailings
  • Metal-rich waste material remaining after most of the metal has been extracted from ore.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Manganese and Other Mineral Mining 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.

    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 Manganese and Other Mineral 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 Manganese and Other Mineral 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 Manganese and Other Mineral Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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