Industry Statistics and Trends
Non-Ferrous Metal Ore Mining in Europe key trends
Revenue fluctuates in line with global metal prices.
Metal prices are determined by the free market forces of supply and demand, so revenue is influenced by global forces.
Recovering economic conditions may cause demand for gold to ease.
Investors buy gold as a store of value and hedge against inflation, so as economic conditions recover and inflationary pressures ease, demand may fall.
Access all insights and trends with purchase. View purchase options.
Non-Ferrous Metal Ore Mining in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
Access the 5-year outlook with purchase. View purchase options
Non-Ferrous Metal Ore Mining in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 13.5 % over the past five years, to reach an estimated €16.9bn in 2024.
Trends and Insights
The pandemic discimated the industry, despite a climb in metal prices
- As the value of non-ferrous metal ore changes in line with supply and demand conditions, non-ferrous metal miners can generate more revenue when commodity prices rise. Russia has significant gold reserves, so Russian producers have benefitted from an upward trend in gold prices, supporting revenue growth and profitability from this geography.
Access all 6 market size insights and trends with purchase. View purchase options.
Non-Ferrous Metal Ore Mining in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Global copper demand is set to rise
- The development of renewable energy and related infrastructure in the electricity market will support opportunities for copper miners to expand revenue as continued investment into infrastructure, like the Kasso-Audorf interconnection between Denmark and Germany, will require more copper.
Access all 6 forward-looking insights and industry data forecasts with purchase. View purchase options.
Revenue
€16.9bn
Employees
191k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
Explore all 37 country performance rankings and data sheets with your membership purchase.
Biggest companies in the Non-Ferrous Metal Ore Mining in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Norilsk Nickel | 15,997.5 | 7,227.7 | 45.2 | |
Glencore plc | 236,429.0 | 21,421.1 | 9.1 | |
Boliden AB | 8,399.4 | 1,488.0 | 17.7 |
Access statistics and analysis on all 7 companies with purchase. View purchase options.
Non-Ferrous Metal Ore Mining in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
Access all segmentation data and analysis with purchase. View purchase options.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Non-Ferrous Metal Ore Mining industry in Europe in 2024?
The market size of the Non-Ferrous Metal Ore Mining industry in Europe is €16.9bn in 2024.
How many businesses are there in the Non-Ferrous Metal Ore Mining in Europe industry in 2024?
There are 1,678 businesses in the Non-Ferrous Metal Ore Mining industry in Europe, which has declined at a CAGR of 12.5 % between 2019 and 2024.
Has the Non-Ferrous Metal Ore Mining industry in Europe grown or declined over the past 5 years?
The market size of the Non-Ferrous Metal Ore Mining industry in Europe has been declining at a CAGR of 13.5 % between 2019 and 2024.
What is the forecast growth of the Non-Ferrous Metal Ore Mining industry in Europe over the next 5 years?
Over the next five years, the Non-Ferrous Metal Ore Mining industry in Europe is expected to grow.
What does the Non-Ferrous Metal Ore Mining in Europe include?
Copper and Gold are part of the Non-Ferrous Metal Ore Mining industry.
Which countries have the most businesses in the Non-Ferrous Metal Ore Mining industry in Europe?
The European country with the most businesses in the Non-Ferrous Metal Ore Mining industry is Russia.
How competitive is the Non-Ferrous Metal Ore Mining industry in Europe?
The level of competition is high and steady in the Non-Ferrous Metal Ore Mining industry in Europe.
Related Industries
This industry is covered in 37 countries
- Non-Ferrous Metal Ore Mining in Austria
- Non-Ferrous Metal Ore Mining in Romania
- Non-Ferrous Metal Ore Mining in Czechia
- Non-Ferrous Metal Ore Mining in Hungary
- Non-Ferrous Metal Ore Mining in Ireland
- Non-Ferrous Metal Ore Mining in Iceland
- Non-Ferrous Metal Ore Mining in Greece
- Non-Ferrous Metal Ore Mining in Russia
- Non-Ferrous Metal Ore Mining in Poland
- Non-Ferrous Metal Ore Mining in Sweden
- Non-Ferrous Metal Ore Mining in Croatia
- Non-Ferrous Metal Ore Mining in Bulgaria
- Non-Ferrous Metal Ore Mining in Spain
- Non-Ferrous Metal Ore Mining in France
- Non-Ferrous Metal Ore Mining in Norway
- Non-Ferrous Metal Ore Mining in Italy
- Non-Ferrous Metal Ore Mining in Finland
- Non-Ferrous Metal Ore Mining in Slovenia
- Non-Ferrous Metal Ore Mining in Portugal
- Non-Ferrous Metal Ore Mining in Germany
- Non-Ferrous Metal Ore Mining in Serbia
- Non-Ferrous Metal Ore Mining in North Macedonia
- Non-Ferrous Metal Ore Mining in Europe
Table of Contents
About this industry
Industry definition
Companies operating in the industry mine ore containing non-ferrous metals, like copper, nickel and gold. Some miners also carry out ore beneficiation processes, which are basic and preliminary processes that occur before smelting and refining.
Related Terms
OPEN-CUT MININGBENEFICIATIONSOLVENT EXTRACTIONWhat's included in this industry?
CopperGoldPalladiumNickelCompanies
Norilsk NickelGlencore plcBoliden ABIndustry Code
072 - Mining of non-ferrous metal ores in Europe
View up to 7 companies with purchase. View purchase options.
Performance
Key Takeaways
The pandemic discimated the industry, despite a climb in metal prices
View more insights with purchase. View purchase options.
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Non-Ferrous Metal Ore Mining in Europe industry (2011 -2029)
- Employees in the Non-Ferrous Metal Ore Mining in Europe industry (2011 -2029)
- Business in the Non-Ferrous Metal Ore Mining in Europe industry (2011 -2029)
- Profit in the Non-Ferrous Metal Ore Mining in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Non-Ferrous Metal Ore Mining in Europe industry?
Outlook
Analysis
What's driving the Non-Ferrous Metal Ore Mining in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Non-Ferrous Metal Ore Mining in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Non-Ferrous Metal Ore Mining in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Copper demand is contingent on the construction sector. Copper is used in a range of applications in the construction sector, so demand tends to pick up when construction activity rises.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Non-Ferrous Metal Ore Mining in Europe industry's products and services performing?
Analysis
What are innovations in the Non-Ferrous Metal Ore Mining in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Non-Ferrous Metal Ore Mining in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger companies can pour investment. Large-scale miners have the financial and capital resources to invest significantly into their operations, helping to improve efficiency and profitability compared to smaller operators.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 7 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Norilsk Nickel
- Countries of operation for Glencore plc
- Countries of operation for Boliden AB
- Countries of operation for KGHM Polska Miedz SA
- Countries of operation for Eramet SA
- Countries of operation for RUSAL
- Countries of operation for Nyrstar NV
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Miners must follow strict regulations. Miners must ensure they have the correct permissions and mining leases and follow strict environmental regulations concerning pollution and the use of hazardous chemicals.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Non-Ferrous Metal Ore Mining in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit can be volatile. Volatility in commodity prices can cause profitability to fluctuate, especially as once a mine is at full capacity, there is only limited ability to influence operating costs.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Non-Ferrous Metal Ore Mining in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
