Industry minerals are key inputs into many products, and as such, demand is relatively strong. However, the global recession negatively impacted the industry's performance. Furthermore, China's vast appetite for copper encourages a strong relationship between Chinese demand for the metal and the industry's performance. Industry revenue is expected to expand in the five years to 2014. IBISWorld estimates that industry revenue will fall in 2014, as high levels of supply, a potential slowdown in the Federal Reserves' bond-buying program and slowing Chinese demand have pressured metal prices. In the five years to 2019, industry revenue is forecast to grow. Industry operators will continue to seek additional measures to reduce mine operation costs and profitability is expected to improve in the five years to 2019.
Firms in the industry mine copper, nickel, lead or zinc-bearing ore. They may also develop mine sites and convert the mined ore into concentrates for further processing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.