Transition metals: Despite falling copper prices, renewed construction activity will sustain demand

IBISWorld’s Nonferrous Metal Refining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Threats & Opportunities

  • Operators have faced declines in nonferrous metals and increasing competition
  • Plunging metal prices and weak demand caused companies to cut costs
  • Industry performance will follow trends in nonferrous metal prices and production

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    Industry Analysis & Industry Trends

    The Nonferrous Metal Refining industry encountered challenging market conditions over the five years to 2016. Plummeting copper and zinc prices coupled with reduced downstream demand hurt industry revenue in 2009. Following the recession, increases in the price of copper and other industry metals, along with rising demand from the manufacturing sector, spurred double-digit growth in 2010 and 2011. However, industry revenue contracted again in 2012, due to crumbling metal prices, as a result of weak international demand. In the five years to 2021, although activity in the construction and manufacturing sectors is currently gaining ground, the price of copper is projected to decrease, tempering the industry's growth...

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    Industry Report - Industry Locations Chapter

    Overall, industry activity is concentrated in the Mid-Atlantic region of the United States, which accounts for 22.8% of industry establishments. This area provides access to a vast deposit of metal and mineral mines and to major trading partner Canada. Other leading regions for industry activity include the Great Lakes (19.6% of industry establishments), the Southeast (15.2%) and the Southwest (12.0%). Industry establishments tend to be located close to nonferrous mines to minimize transport costs.

    The Southwest region accounts for the majority of copper refineries in the United States, with 40.0% of establishments. Major company Freeport-McMoRan operates facilities in Texas and Arizona, which account for a fifth and a tenth of establishments, respectively. The..

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    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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    Industry Products

    What is the Nonferrous Metal Refining Industry?

    Companies in this industry smelt or refine nonferrous metals other than aluminum (see IBISWorld report 33131 for bauxite processing and primary aluminum production). 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
    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
  • Lead
  • 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
  • Other
  • Coin, jewelry and investment markets
  • Brass mills
  • Chart: Major Market Segmentation for the Nonferrous Metal Refining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other 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
    Major Companies
    Freeport-McMoRan Copper & Gold Inc.Rio Tinto GroupAsarco LLC
  • Table: Freeport-McMoRan Copper & Gold Inc. - financial performance
  • Table: Rio Tinto Group - financial performance
  • Table: Asarco LLC - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Nonferrous Metal Refining Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World price of copper (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • 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).
  • Why buy this report?

    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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