$10.9bn
$X.Xbn
12,311
18
$X.Xbn
Copper, nickel, lead and zinc mining play a vital role in Canada's economy, positioning it among the world's top ten producers of these metals. As the prices of these metals are subject to global market conditions, there can be significant volatility in revenue and profit. The pandemic constrained growth as many miners were forced to operate at limited capacity, lowering production. As the economy reopened, demand for metals surpassed the available supply, leading to a price surge. This, coupled with mines operating at higher capacity, contributed to overall growth, allowing miners to navigate the period successfully. Even so, as supply chains stabilized, metal prices began to sink from their peak levels, hindering revenue. Overall, revenue is expected to swell at a CAGR of 0.5% to $10.6 billion through the end of 2024, including a 2.4% slump in 2024 alone amid falling metal prices.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $10.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Vale | 2,971.5 | 524.9 | 17.7 | |
Teck | 2,511.0 | 441.3 | 17.6 | |
Glencore | 1,686.7 | 216.9 | 12.9 |
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Industry revenue is measured across several distinct product and services lines, including Copper ore, Zinc ore and Nickel ore. Copper ore is the largest segment of the Copper, Nickel, Lead & Zinc Mining in Canada.
The craze for copper ore
Operators within the Copper, Nickel, Lead and Zinc Mining industry in Canada primarily mine ores valued for their copper, nickel, lead or zinc content. Companies may also covert mined ore into concentrates for further downstream processing.
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NAICS 212231 - Copper, Nickel, Lead & Zinc Mining in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Mine operators have experienced volatile conditions. While mine operators mine four metals, copper and nickel are the most valuable, so performance is largely guided by the p...
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Copper ore mining is the largest product segment. Similar to lead and zinc, copper concentrates are sold directly to refineries that produce cathodes.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
British Columbia (BC) boasts over half of Canada’s copper production, led by Teck Resources' Highland Valley Copper Mine. With copper's increased usage in renewable energy te...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Concentration is high, with the three largest producers accounting for more than 90.0% of revenue. This level of concentration reflects that a few large companies control the...
Learn about the performance of the top companies in the industry.
Teck's commitment to sustainability shines through its $388 million investment in Indigenous businesses and environmentally friendly initiatives. By verifying its operations ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Miners experiences significant revenue volatility since prices for commodities like copper, zinc, and nickel often fluctuate widely. These price changes are the primary contr...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Strong metal prices have bolstered profit as miner take advantage of favourable market conditions. Profit can fluctuate with changes in metal prices since most mineral costs ...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Copper, Nickel, Lead & Zinc Mining industry in Canada is $10.9bn in 2024.
There are 18 businesses in the Copper, Nickel, Lead & Zinc Mining industry in Canada, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Copper, Nickel, Lead & Zinc Mining industry in Canada has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Copper, Nickel, Lead & Zinc Mining industry in Canada is expected to grow.
The biggest companies operating in the Copper, Nickel, Lead & Zinc Mining market in Canada are Vale, Teck and Glencore
Copper ore mining and beneficiating and Nickel ore mining and beneficiating are part of the Copper, Nickel, Lead & Zinc Mining industry.
The company holding the most market share in Canada is Vale.
The level of competition is high and steady in the Copper, Nickel, Lead & Zinc Mining industry in Canada.