Mine of opportunities: Revenue has grown over the past five years due to rising lithium demand

The Salt, Lithium and Other Mineral Mining industry's major products are salt, lithium and phosphate minerals. Lithium is mainly exported to China and Japan, while a large proportion of the salt produced by industry operators is exported to chemical product manufacturing plants in Asia. Australia's salt production is expected to total 13.5 million tonnes in 2018-19, down from 13.8 million tonnes in 2013-14, as miners have reduced output in response to low pricing. Despite lower production volumes than other major salt-producing countries, Australia is the world's leading exporter of salt, exporting the bulk of its production. Lithium output has increased over the past five years in response to higher export demand, while phosphate output weakened...read more.

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

Industry Threats & Opportunities

  • Lithium output and prices have increased over the past five years, due to higher export demand
  • The industry’s salt production output and prices have fallen over the past five years
  • Industry profit is forecast to grow over the period, as revenue and production volumes increase
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the growth phase of its life cycle. Industry value added, which is an industry's contribution to national GDP, is expected to increase at an annualised 12.1% over the 10 years through 2023-24. This is much higher than estimated GDP growth over the same period of 2.7% per annum. As a result of strong growth in lithium revenue, the industry is expected to account for a larger share of the economy in 2023-24 than it did in 2013-14.Also characteristic of a growth industry is product or technological innovation. Some product development and technological advancement has assisted the industry's growth over the past five years. The...purchase to read more.

    Additional Insights for the Salt, Lithium and Other Mineral Mining Industry

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

  • Ability to find new resource deposits
  • Economies of scale
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Demand from basic inorganic chemical manufacturing and Trade-weighted index in the Salt, Lithium and Other Mineral Mining industry impact industry performance..

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    What's in this report

    What is the Salt, Lithium and Other Mineral Mining Industry?

    Industry firms harvest salt and mine or quarry non-metallic and related minerals such as phosphate rock, silica, gypsum, magnesite, talc and lithium minerals. Industry firms also carry out some basic processing functions.

    Industry Products
  • Salt
  • Phosphate rock
  • Silica sand
  • Gypsum
  • Magnesite
  • Other minerals
  • Lithium minerals
  • Industry Activities
  • Barite mining
  • Graphite mining
  • Gypsum quarrying
  • Lithium mining
  • Magnesia mining
  • Phosphate rock mining
  • Salt harvesting
  • Silica sand quarrying
  • Talc mining
  • Other non-metallic mineral mining
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from basic inorganic chemical manufacturing
  • Trade-weighted index
  • Demand from fertiliser manufacturing
  • Demand from building construction
  • Demand from glass and glass product manufacturing
  • Demand from plaster product manufacturing

  • Current Performance
  • Revenue and profit growth
  • Volatile pricing and output
  • Industry structure
  • Export trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Lithium and salt growth
  • Other mineral growth
  • Doing more with less
  • Table: Salt, Lithium and Other Mineral Mining Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Fertiliser Manufacturing
  • Basic Inorganic Chemical Manufacturing
  • Glass and Glass Product Manufacturing
  • Plaster Product Manufacturing

  • Key Selling Industries
  • Contract Mining Services
  • Mining and Construction Machinery Manufacturing
  • Petroleum Product Wholesaling

  • Products & Services
  • Lithium minerals
  • Salt
  • Phosphate rock
  • Silica sand
  • Gypsum
  • Other minerals
  • Magnesite
  • Chart: Salt, Lithium and Other Mineral Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Foreign battery manufacturers
  • Other export markets
  • Chemical product manufacturers
  • Agricultural product manufacturers
  • Building product manufacturers
  • Other sectors
  • Chart: Major Market Segmentation for the Salt, Lithium and Other Mineral Mining 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 Salt, Lithium and Other Mineral Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Salt, Lithium and Other Mineral Mining Industry

  • Industry Globalization
    Mineral Resources Limited, Windfield Holdings Pty Ltd, Rio Tinto Plc - Rio Tinto Limited, Galaxy Resources Limited, Mitsui & Co (Australia) Ltd,
  • Table: Mineral Resources Limited - financial performance
  • Table: Windfield Holdings Pty Ltd - financial performance
  • Table: Rio Tinto Plc - Rio Tinto Limited - financial performance
  • Table: Galaxy Resources Limited - financial performance
  • Table: Mitsui & Co (Australia) Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Salt, Lithium 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
    Table: Industry Data for the Salt, Lithium and Other Mineral 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)
  • Salt Output (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone, the shape of which varies with the shape of the mineral deposit.
  • Overburden
  • The soil that covers a mineral deposit, which needs to be removed for access.
  • Salt Harvesting
  • The evaporation of salt water in shallow ponds, allowing the salt to be collected.
  • Solar Salt
  • Salt that is harvested from the solar evaporation of seawater across a series of designated concentration ponds.
  • Underground Mining
  • The excavation of ore by digging shafts and access ramps to extract it from beneath the earth's surface.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Salt, Lithium and Other Mineral Mining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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
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    This report on Salt, Lithium 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 Salt, Lithium 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 Salt, Lithium 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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