Copper-bottomed: Falling copper prices are buoyed by the weakening Australian dollar

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, China and the United States. Chile alone represents more than one-quarter of global copper output.Australia's copper ore production is projected to grow in 2018-19 as the industry's major players increase their output in response to stabilising prices. In the current year, industry revenue is anticipated to increase by 12.2%, to reach $6.5 billion. Exports are expected to account for more.

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

Industry Threats & Opportunities

  • A weakening Australian dollar has largely offset falling global copper prices
  • Australia’s copper production volumes are projected to have increased only slightly
  • Economic growth in foreign countries is expected to increase export demand for copper
  • Industry Report - Industry Products Chapter

    Industry output can be classified by mining method, either underground or open-cut. Approximately 93% of Australia's copper ore output is extracted from underground mines. Underground mines involve digging tunnels and shafts to reach ore bodies. More valuable higher grade ores are often found at deeper levels. However, underground mining has many associated costs that open-cut mining does not. These costs include underground mine support personnel, ventilation and building an efficient method of transporting materials to the surface. However, the greater value of higher grades found underground typically offsets these costs.Open-cut mining, also known as open-pit mining, accounts for the remaining 7% of local copper ore output. Ope...purchase to read more.

    Additional Insights for the Copper Ore Mining Industry

    IBISWorld has determined the most important Key Success Factors for the Copper Ore Mining 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

    What is the Copper Ore Mining Industry?

    Industry firms 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 cathodes.

    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

    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 building construction
  • Demand from copper tubes and wire manufacturing
  • Demand from copper, silver, lead and zinc smelting and refining

  • Current Performance
  • Revenue and prices
  • Low output growth
  • Greater export demand
  • Copper uses
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing global demand
  • Expanding output
  • Prices and exports
  • Table: Copper Ore Mining Industry Revenue Outlook

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

  • 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
  • Indian copper manufacturers
  • Domestic copper smelters and refiners
  • Chart: Major Market Segmentation for the Copper Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Wages
  • Purchases
  • Profit
  • Depreciation
  • Marketing
  • Rent
  • Utilities
  • Other Costs
  • 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
    Glencore Holdings Pty Limited, BHP Group Limited, OZ Minerals Limited, Newcrest Mining Limited, Sandfire Resources NL,
  • Table: Glencore Holdings Pty Limited - financial performance
  • Table: BHP Group Limited - financial performance
  • Table: OZ Minerals Limited - financial performance
  • Table: Newcrest Mining Limited - financial performance
  • Table: Sandfire Resources NL - financial performance

  • 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
    Table: Industry Data for the Copper Ore Mining 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)
  • Wages (2010-2024)
  • Copper Content from Ore (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
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    Why buy this report?

    IBISWorld’s Copper Ore Mining 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.

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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

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