PUBLISHER: The Business Research Company | PRODUCT CODE: 1387556
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387556
“Copper, Nickel, Lead, And Zinc Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on copper, nickel, lead, and zinc market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for copper, nickel, lead, and zinc? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The copper, nickel, lead, and zinc market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Copper is a soft, malleable, and ductile metal with a reddish-gold color, known for its exceptional thermal and electrical conductivity. Zinc is a brittle, bluish-white metal at room temperature and takes on a silvery-grey appearance when oxidation is removed. Lead is a heavy, soft, and malleable metal that is denser than most common materials and boasts a relatively low melting point. Nickel is a hard and ductile transition metal with a silvery-white color, complemented by a shining base and a hint of golden hue.
The primary categories encompass copper, zInc., lead, and nickel. Copper, a chemical element, stands out for its reddish color, remarkable ductility, and excellent conductivity of electricity and heat. In nature, copper can be found in a free metallic state. These elements are utilized by a variety of organizations, ranging from large enterprises to small and medium-sized enterprises. The different end-user industries that employ these metals include construction, transport, manufacturing, and various others.
The copper, nickel, lead and zinc market research report is one of a series of new reports from The Business Research Company that provides copper, nickel, lead and zinc market statistics, including copper, nickel, lead and zinc industry global market size, regional shares, competitors with a copper, nickel, lead and zinc market share, detailed copper, nickel, lead and zinc market segments, market trends and opportunities, and any further data you may need to thrive in the copper, nickel, lead and zinc industry. This copper, nickel, lead, and zinc market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The copper, nickel, lead, and zinc market size has grown strongly in recent years. It will grow from $247.03 billion in 2023 to $267.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed during the historic period can be attributed to several factors, including economic growth, infrastructure development, stainless steel production, battery manufacturing, the construction industry, galvanization, and mining production.
The copper, nickel, lead, and zinc market size is expected to see strong growth in the next few years. It will grow to $362 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to various factors, such as the adoption of green technologies, the rise of electric vehicles, the promotion of sustainable mining practices, and the increasing demand for energy storage solutions. Additionally, major trends in the forecast period include a shift towards electrification and lightweighting, the development of advanced materials, the use of additive manufacturing, increased digitalization and connectivity, and a growing emphasis on collaboration and partnerships within the industry.
The growing adoption of electric vehicles is poised to drive the expansion of the copper, nickel, lead, and zinc market in the future. Electric vehicles, powered by rechargeable batteries and devoid of traditional internal combustion engines, rely on essential elements like copper, nickel, and zinc. Copper is used in wiring, nickel is integral in cathodes for improved energy density, and zinc has applications in zinc-air batteries for potential advancements in charging infrastructure. Notably, in January 2022, the International Energy Agency reported a substantial surge in electric car sales, exceeding 3 million units in 2020 and surging to 6.6 million, representing nearly 9% of the global car market. Consequently, the growing adoption of electric vehicles is a driving force behind the copper, nickel, lead, and zinc market's growth.
The implementation of autonomous hauling systems trucks in the mining industry is making substantial strides in boosting production efficiency and cutting down on turnaround times. These autonomous haulage systems oversee and manage the movements of mining vehicles, guiding and autonomously controlling off-highway haul trucks within mining operations. This technological advancement is driving efficiency by minimizing delays, lowering operational expenses, reducing fuel consumption, and, as a result, curtailing carbon emissions. A notable example is Rio Tinto, which has successfully integrated autonomous haulage systems into their mining operations, resulting in a remarkable 13% reduction in load and haul operating costs achieved by the automated fleet.
Leading companies in the copper, nickel, lead, and zinc market are placing a strong emphasis on the development of innovative zinc batteries to gain a competitive advantage within the industry. Zinc batteries are associated with numerous benefits, such as a wide range of operating temperatures, high power discharge, extended storage capacity, versatility, and cost-effectiveness. For instance, in February 2021, the International Zinc Association, a non-profit organization based in the United States that represents the global zinc industry, unveiled its Zinc Battery Initiative (ZBI). The primary goal of this initiative is to promote the use of rechargeable zinc batteries and foster collaboration among manufacturers to drive further advancements in this field. The initiative aims to raise awareness of the impressive capabilities of rechargeable zinc batteries and encourage their wider adoption.
Major companies operating in the copper, nickel, lead, and zinc market include Corporacion Nacional del Cobre de Chile, BHP Group, Glencore International, Jiangxi Copper Company, Anglo American PLC, Southern Copper Corp, Vedanta Resources Limited, Teck Resources Ltd., Votorantim S.A, MMC Norilsk Nickel PJSC, Norilsk Nickel, Teck Resources Limited, Vale SA, Hudbay Minerals Inc., Lundin Mining Corporation, First Quantum Minerals Ltd., KGHM Polska Miedz SA, Grupo Mexico S.A.B. de C.V., Nyrstar NV, MMG Limited, Trevali Mining Corporation, Nevsun Resources Ltd., Polymetal International PLC, Sandfire Resources NL, Independence Group NL, Heron Resources Limited, Rio Tinto Group, Zijin Mining Group Co. Ltd., China Molybdenum Co. Ltd., Jiangxi Copper Company Limited.
Asia-Pacific was the largest region in the copper, nickel, lead, and zinc market in 2023. North America was the second largest region in the copper, nickel, lead, and zinc market. The regions covered in the copper, nickel, lead, and zinc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the copper, nickel, lead, and zinc market report are: Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The copper, nickel, lead and zinc market consist of sales of copper, nickel, lead and zinc ores. The industry includes establishments that develop mine sites, mine and convert ores into copper, nickel, lead or zinc concentrates. Mining is either through underground or surface mining techniques or both. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.