Pricing volatility has been a major industry factor for the industry in the past five years, while volume growth has been a stabilising factor. Industry revenue is estimated to increase at an annualised 2.0% over the past five years, including growth of 1.7% in 2014-15, to $5.0 billion. Revenue growth reflects higher silver prices, which have offset declines in the prices of lead and zinc ore. These declines have, however, contributed to higher demand and sales volumes for zinc and lead over the period. Silver volumes have declined over the past five years as downstream companies that use silver in their manufacturing processes turned to substitute metals or reduced demand.
Firms in the industry are mainly engaged in mining silver, lead or zinc ores. Industry firms also carry out basic processing of these ores, called beneficiation, into ore concentrate.
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.