Mineral wealth: Demand will continue improving as industrial production increases

Over the five years to 2017, revenue for the Molybdenum and Metal Ore Mining industry has declined considerably, dragged down by double-digit drops in revenue in 2015 and 2016 due to sharply falling molybdenum prices. In recent years, copper miners started to produce molybdenum as a by-product of their copper operations, which led to global oversupply and a collapse in prices for the metal. Furthermore, demand for molybdenum collapsed as well, as downstream steel producers decreased purchases of the metal as steel prices crashed. Despite recent struggles, the outlook for the industry over the next five years is positive. Average prices of molybdenum are expected to increase, while the prices of platinum and uranium are expected to stabilize as well...read more.

Industry Statistics & Market Size
Revenue
$896m
Annual Growth 12-17
-18.6%
Forecast Growth 17-22
Profit
Employment
3,150
Businesses
42
What Our Customers Say

Industry Threats & Opportunities

  • The industry’s volatile movement is largely guided by the fluctuating prices of industry metals
  • PGMs are largely used as catalysts for air pollution abatement systems in cars
  • Copper miners have entered the industry in recent years, by mining molybdenum as a by-product
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Molybdenum and Metal Ore Mining industry are high. Large amounts of capital are required to undertake exploration programs, fund mine development, establish a new mine or acquire existing operations. For example, Freeport-McMoRan, the largest industry player, estimates the capital cost associated with putting the shuttered Climax molybdenum mine back into production to be about $700.0 million. Additionally, there are limited resource locations in the industry, evidenced by the small number of industry establishments. In the United States, molybdenum is produced as a primary product at only four mines and as a by-product at other mines...purchase to read more.

    Additional Insights for the Molybdenum & Metal Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Molybdenum & Metal Ore Mining Industry are

  • Availability of resource
  • Effective cost controls
  • Ability to forward sell production when appropriate
  • IBISWorld analysts also discuss how external factors such as World price of molybdenum and World price of platinum in the Molybdenum & Metal Ore Mining industry impact industry performance..

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    What is the Molybdenum & Metal Ore Mining Industry?

    Companies in this industry mine molybdenum, platinum, palladium, beryllium, uranium and a range of other nonferrous metal-bearing ores (excluding gold, silver, copper, nickel, lead and zinc ores).

    Industry Products
  • Molybdenum
  • Platinum group metals
  • Uranium
  • Other metal bearing ores including vanadium
  • Industry Activities
  • Uranium, radium and vanadium ore mining and beneficiating
  • Platinum mining and beneficiating
  • Palladium mining and beneficiating
  • Beryllium ore mining and beneficiating
  • Molybdenum ore mining and beneficiating
  • Other metal ore mining and beneficiating (excluding iron ore, gold and silver, and major base metals)
  • 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 molybdenum
  • World price of platinum
  • Industrial production index
  • World price of uranium
  • Trade-weighted index

  • Current Performance
  • Commodity price volatility
  • Platinum group metals prices decrease
  • Uranium demand subsides
  • Profiting volatility due to by-products
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady production and price growth
  • Profit
  • Various metal production
  • Table: Molybdenum & Metal Ore Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Molybdenum & Metal Ore Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Iron & Steel Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Jewelry Manufacturing
  • Nuclear Power

  • Key Selling Industries
  • Coal & Natural Gas Power
  • Explosives Manufacturing
  • Hydroelectric Power
  • Nuclear Power
  • Petroleum Refining

  • Products & Services
  • Molybdenum
  • Platinum group metals
  • Uranium
  • Other metal bearing ores including vanadium
  • Chart: Molybdenum & Metal Ore Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Iron and steel manufacturers
  • Automobile parts manufacturers
  • Others
  • Utilities sector
  • Chemical manufacturers
  • Chart: Major Market Segmentation for the Molybdenum & Metal Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Molybdenum & Metal Ore Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Molybdenum & Metal Ore Mining Industry

  • Industry Globalization
    Stillwater Mining Company Freeport-McMoRan Inc.Rio Tinto plcCameco Corporation
  • Table: Stillwater Mining Company - financial performance
  • Table: Freeport-McMoRan Inc. - financial performance
  • Table: Rio Tinto plc - financial performance
  • Table: Cameco Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Molybdenum & Metal Ore Mining 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 Molybdenum & Metal Ore Mining 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)
  • Price of Molybdenum (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Cannibalization
  • A business process whereby engaging in one activity necessarily eats into another activity or practice. Cannibalization can take place within a company, between businesses, or across industries.
  • Concentrate
  • A very fine, powder-like product containing the valuable ore mineral from which most of the waste mineral has been eliminated.
  • In Situ Leaching
  • A process that involves dissolving uranium in the ground. The uranium solution is then pumped out for processing.
  • Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone; the shape of the mine opening varies with the shape of the mineral deposit.
  • Roasting
  • A process by which MoS2 concentrate is converted into roasted molybdenite (MoO3) concentrate, which typically contains a minimum of 57% molybdenum, and less than 0.1% sulfur.
  • Yellowcake
  • Also known as uranium oxide, it is used to produce fuel for nuclear electric power generation.
  • Why buy this report?

    The Molybdenum & Metal Ore Mining industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Molybdenum & Metal Ore Mining:
    • 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 Molybdenum & Metal Ore Mining 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 Molybdenum & Metal Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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