Industry Analysis & Industry Trends
In the five years to 2016, revenue for the Copper Ore Mining industry in China has been growing 2.3% annually on average to $11.6 billion. The performance of the industry is largely in line with downstream demand for copper products. Industry revenue grew sharply by 40.5% in 2010, owing to the economic recovery and rebounding copper price. Strong performance continued in 2011, but slowed down slightly in 2012 and 2013 due to the milder performance of the overall economy. Since 2014, with weak market demand and declining copper prices, industry revenue has been decreasing. In 2016, industry revenue is expected to decline 1.6% to $11.6 billion.
China is currently the largest copper-consuming country and second-largest copper producer in the world.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the decade to 2021, industry value-added is expected to grow at an annualized rate of 2.0%, much lower China's GDP growth of about 6.5% per year, indicating that the Copper Ore Mining industry is in a mature stage.
As the largest copper-consuming country in the world, China relies heavily on imported copper ore to supply its copper smelting plants. Domestic copper ore resources are of lower quality than imported copper ore in terms of copper content, which greatly increases smelting costs. This has led to domestic copper ore accounting for barely one-third of domestic demand in the past decade.
Industry scale expanded slowly in the past five years. Especially for 2014 and 2015, industry revenue decreased 5.5% and 4.3%, respectively.
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