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Molybdenum & Metal Ore Mining in the US - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 39 pages

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Mineral wealth: Demand will continue improving as industrial production increases



Abstract

Molybdenum & Metal Ore Mining in the US

In the five years to 2016, revenue for the Molybdenum and Metal Ore Mining industry expected to fall, dragged down by a double-digit drop in revenue in 2015 due to sharply falling molybdenum prices. This annualized rate hides major fluctuations that occurred during the five-year period. As the global economy improved, the automobile sector and construction activity boosted demand for industry products. Construction activity and steel production in emerging economies supported demand for molybdenum exports through much of the period, prior to the major slowdown. In recent years, copper miners have started to produce molybdenum as a by-product of their copper operations, which has led to global oversupply and a collapse in prices for the metal. The outlook for the industry over the next five years is positive. Average prices of molybdenum are expected to increase. While prices of platinum and uranium are expected to stabilize, demand for such metals will be supported by growing energy consumption in the case of uranium, and increasing industrial applications in the case of palladium and platinum. In the five years to 2021, industry revenue is projected to increase.

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).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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ref:plp2016

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