Transition metals: A strong dollar and curtailed production capacity will contribute to increased import competition

Nonferrous Metal Refining is a highly globalized industry that is closely linked to activity in the construction and manufacturing sectors, which are the major markets for industry products. Over the five years to 2017, industry operators have contended with several operational challenges, including sharp declines in the selling price of most nonferrous metals, rising compliance costs and intensifying external competition from imports and secondary smelters. Overall, industry revenue has declined during the period, but is expected to rise moderately over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
-7.6%
Forecast Growth 17-22
Profit
Employment
8,189
Businesses
163

Industry Threats & Opportunities

  • Industry operators have contended with several operational challenges
  • Industry performance is tied heavily to the world price of certain commodities
  • The world price of copper is expected to recover marginally over the next five years
  • Industry Report - Industry Investment Chapter

    The Nonferrous Metal Refining industry is highly capital-intensive, as indicated by the large share of revenue that typically accrues to depreciation. For every dollar spent on wages, industry refiners will spend an estimated $0.68 on machinery, equipment and other capital expenses. The high ratio of capital expenses to wage expenses illustrates the importance of capital investment in the production process.The industry's capital spending reflects the purchase of new manufacturing machinery, equipment and facilities designed to improve product quality, increase manufacturing efficiency, lower production costs and meet regulatory requirements. Add...purchase to read more.

    Additional Insights for the Nonferrous Metal Refining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nonferrous Metal Refining Industry are

  • Having an integrated operation
  • Output is sold under contract - incorporate long-term sales contracts
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as World price of copper and Price of nonferrous metals in the Nonferrous Metal Refining industry impact industry performance..

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    What's in this report

    What is the Nonferrous Metal Refining Industry?

    Companies in this industry smelt or refine nonferrous metals other than aluminum (see IBISWorld report 33131 for the Aluminum Manufacturing industry). The smelting or refining process includes the use of both electrolytic and traditional furnace-based procedures. Some operators may provide their services on a fee-for-service basis, more commonly known as toll refining. This industry does not include secondary smelting or refining (IBISWorld reports 33142 and 33149).

    Industry Products
  • Copper
  • Zinc
  • Gold
  • Silver
  • Platinum group metals
  • Magnesium metal
  • Industry Activities
  • Copper smelting and refining
  • Electrolytic copper
  • Electrolytic zinc
  • Lead smelting or refining
  • Silver smelting or refining
  • Silver-lead bullion
  • Gold refining
  • Zinc smelting or refining
  • Other nonferrous metal refining
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of copper
  • Price of nonferrous metals
  • Industrial production index
  • Value of construction
  • Trade-weighted index

  • Current Performance
  • Sector-wide challenges
  • Eroding commodity prices
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Pricing shifts
  • Cutting costs
  • Table: Nonferrous Metal Refining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nonferrous Metal Refining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Copper Rolling, Drawing & Extruding
  • Nonferrous Metal Rolling & Alloying
  • Nonferrous Metal Foundry Products Manufacturing
  • Jewelry Manufacturing

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining
  • Gold & Silver Ore Mining
  • Molybdenum & Metal Ore Mining

  • Products & Services
  • Copper
  • Other
  • Gold
  • Silver
  • Zinc
  • Magnesium metal
  • Platinum group metals
  • Chart: Nonferrous Metal Refining Industry Products and Services Segmentation

  • Demand Determinants
  • Copper
  • Zinc
  • Lead and other metals

  • Major Markets
  • Wire rod mills
  • Other intermediary metal manufacturers
  • Brass mills
  • Other
  • Coin, jewelry and investment markets
  • Chart: Major Market Segmentation for the Nonferrous Metal Refining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Nonferrous Metal Refining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nonferrous Metal Refining Industry

  • Industry Globalization
    Freeport-McMoRan Copper and Gold Inc., Rio Tinto plc, Asarco LLC,
  • Table: Freeport-McMoRan Copper and Gold Inc. - financial performance
  • Table: Rio Tinto plc - financial performance
  • Table: Asarco LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nonferrous Metal Refining 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 Nonferrous Metal Refining Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of copper (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Alloying
  • The process of adding one metal to another to form a blend sharing some of the properties of each component.
  • Electrowinning
  • A process that involves passing an electrical current through a liquid bleach solution containing dissolved metal to extract the metal.
  • Nonferrous Base Metal
  • Any metal other than steel, iron and the precious metals
  • Nonferrous Metal
  • Any metal that does not contain iron.
  • Ore
  • Any material from which a desirable metal or other mineral can be extracted
  • Precious Metals
  • A group of metals that includes gold, silver and the platinum group
  • Primary Metals
  • Production of metals in their most basic form by processing (i.e. smelting or refining) mined ores.
  • Refining
  • A process that takes smelted ore and further reduces the level of impurities, typically by oxidizing them.
  • Secondary Metals
  • Reprocessing of usable metal recovered from recycled scrap.
  • Smelting
  • A process that involves melting ore to separate out the metallic content from the waste material (slag).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Nonferrous Metal Refining can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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
    • Quickly build competitive intelligence
    This report on Nonferrous Metal Refining:
    • 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 Nonferrous Metal Refining 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 Nonferrous Metal Refining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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