Industry Analysis & Industry Trends
The industry weathered a volatile revenue performance over the past five years. Ultimately, though, tremendous price spikes prior to and following the recession offset any declines that occurred over the period. Over the next five years, surging demand from emerging countries will keep demand for iron ore at its current highs, spurring mining companies to ramp up production to capitalize on growing revenue and profit opportunities... read more
Industry Key Buyers
The four largest companies in the Global Iron Ore Mining industry account for less than 40.0% of industry revenue, indicating that industry concentration is low to moderate. The three largest companies have high production capacities, and these companies have historically dominated the industry. They are also heavily focused on internationally trading in iron ore, and their diverse mineral base ensures they typically have more capital available to invest in projects than smaller operators.
Industry concentration has increased as the largest companies in the industry, Vale, BHP Billiton and Rio Tinto, have acquired smaller players. BHP Billiton's decision to abandon its plans to merge with Rio Tinto announced in late 2007 will keep industry concentration at its current level... read more