Dig on: Future industry gains are anticipated to reflect continued rising product prices

Many of the Molybdenum and Metal Ore Mining industry's products are key inputs for steel manufacturers. Thus, as demand and price for steel and other downstream market products fluctuates, so does the industry's financial performance. Recent slowdowns in emerging economies, such as China, have led to satiating demand for steel and other construction materials, leading to falling prices for molybdenum. Seeking profitability and responding to weak orders, miners reduced production. The outlook for the industry over the next five years is positive, as average prices of industry-relevant commodities are expected to increase, albeit with an existential threat of volatility...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-2.5%
Forecast Growth 17-22
Profit
Employment
3,733
Businesses
8

Industry Threats & Opportunities

  • Recent slowdowns in emerging economies have led to lower demand in downstream markets, hurting profitability
  • When commodity prices fall, there is less incentive for industry operators to export goods
  • Rising global steel output will benefit operators by supporting a modest recovery in prices
  • 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. Additionally, there are limited resource locations in the industry, evidenced by the small number of establishments in Canada. Typically, prospective industry entrants must obtain long-term contracts in order to achieve some certainty regarding sales volumes. Oftentimes, companies will not commit to a project unless an offtake agreement is in place. This requires convincing buyers that the ore mined will be of suitable quality and that long-term supply can be guaranteed. Pri...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

  • Ability to accommodate environmental requirements
  • Access to multiskilled and flexible workforce
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as World price of uranium and World price of platinum in the Molybdenum & Metal Ore Mining industry impact industry performance..

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    What's in this report

    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
  • Platinum group metals
  • Uranium
  • Molybdenum
  • Other metal bearing ores
  • Industry Activities
  • Uranium, radium and vanadium ore mining and beneficiating
  • Beryllium ore mining and beneficiating
  • Molybdenum ore mining and beneficiating
  • Platinum mining and beneficiating
  • Palladium 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 uranium
  • World price of platinum
  • Canadian-dollar effective exchange rate index
  • World price of molybdenum

  • Current Performance
  • Commodity price volatility
  • Production and trade
  • Profiting from by-products
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady production and price growth
  • International trade
  • 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 in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Computer Peripheral Manufacturing in Canada
  • Automobile Engine & Parts Manufacturing in Canada
  • Jewellery Manufacturing in Canada
  • Thermal Power in Canada
  • Copper, Zinc & Lead Refining in Canada

  • Key Selling Industries
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Petroleum Refining in Canada
  • Thermal Power in Canada

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

  • Demand Determinants
    Major Markets
  • Utilities
  • Iron and steel manufacturers
  • Chemical manufacturers
  • Other markets
  • Exports
  • 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
    ProfitWagesPurchasesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Molybdenum & Metal Ore Mining

  • Basis of Competition
    External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Molybdenum & Metal Ore Mining Industry

  • Industry Globalization
    Cameco Corp., AREVA Inc., North American Palladium Ltd.,
  • Table: Cameco Corp. - financial performance
  • Table: AREVA Inc. - financial performance
  • Table: North American Palladium Ltd. - 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)
  • World price of Uranium (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Molybdenum & Metal Ore Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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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

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