Copper Smelting in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3311Revenue
$263.4bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
145k
Businesses
202
Wages
$X.Xbn
Copper Smelting in China industry analysis
Over the five years through 2024, revenue for the Copper Smelting industry in China has been growing at an annualized rate of 10.0% to $263.4 billion, including 6.1% growth in the current year. China is the world's largest consumer of copper, which has led to a widening trade gap in recent years. In 2024, 13.9% of domestic demand will be satisfied by imports, while only 1.0% of total industry revenue will be generated by exports. Higher raw material costs have constrained industry profitability. The industry profit margin is lower, being at 1.2% in 2024.
Domestic economic growth and rising consumption levels provide significant support to the development of this industry. The performance of the global economy also affects the industry's performance, with foreign demand for China's exports influencing copper usage and volumes in many downstream products, like refrigerators and air-conditioners.
Benefiting from wide application of downstream industries, the industry revenue is projected to grow at an annualized rate of 3.0% over the five years through 2029, to $305.2 billion.
Global copper reserves are expected to be more concentrated within a few large-scale multinational mining companies, while merger activity among foreign copper miners will continue. These mergers will raise purchase costs for copper ores, and lower gross profit margins for domestic players, especially those that rely heavily on imported ores.
The green transformation of the industry has become an inevitable trend, and the development of efficient and energy-saving technology and processes will become a key focus of the industry. In addition, with increasing labor cost and product manufacturing standards, many larger enterprises have accelerated production automation process and carried out intelligent manufacturing in order to reduce costs and improve profitability.
Trends and Insights
- Copper has a wide application range. China’s GDP growth and steady development of downstream industries support the growth of the Copper Smelting in China.
- Cathode copper has wide application range. China’s urbanization deepening process and rapid development of new infrastructure and new energy will promote increasing domestic demand for cathode copper.
- Copper industry is the traditional advantageous industry in Jiangxi. By virtue of copper resources advantages, the Copper Smelting industry in Jiangxi is expected to account for 17.2% of total industry revenue in 2024.
- The industry concentration level is low. The top four companies are expected to account for around 34.9% of industry revenue in 2024.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 10.0 % over the past five years, to reach an estimated $263.4bn in 2024.
Trends and Insights
The industry has a high degree of foreign copper mineral resources
- China is the country with the largest copper consumption, and the supply of copper has a significant impact on the Chinese economy.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry will accelerate the green development transformation
- The Action Plan for Carbon Peak by 2030 clearly points out that the recycling, sorting and processing network of waste non-ferrous metals should be improved to increase the output of recycled non-ferrous metals.
Biggest companies in the Copper Smelting in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Jiangxi Copper Company Limited | 49,021.3 | |
Tongling Nonferrous Metals Group Co., Ltd. | 18,268.0 | |
Yunnan Copper Co., Ltd. | 17,306.4 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Cathode copper, Anode copper and Other products. Cathode copper is the largest segment of the Copper Smelting in China.
Trends and Insights
Cathode copper has wide application range
- Cathode copper, also known as electrolytic copper or refined copper, refers to high-purity copper produced from copper concentrate by electrolytic refining or electrolytic deposition methods.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Iron and Steel Smelting in China
- Aluminum Smelting in China
Complementors
- Copper Ore Mining in China
International industries
- Nonferrous Metal Refining in the US
- Copper, Zinc & Lead Refining in Canada
- Copper, Silver, Lead and Zinc Smelting and Refining in Australia
- Copper Production in the UK
Table of Contents
About this industry
Industry definition
The Copper Smelting industry in China extracts copper from copper ore or copper scrap by smelting, refining or electrolyzing. This industry also produces copper-based alloys during copper smelting.
What's included in this industry?
Cathode copperAnode copperOther productsCompanies
Jiangxi Copper Company LimitedTongling Nonferrous Metals Group Co., Ltd.Yunnan Copper Co., Ltd.Purchase this report to view all 10 major companies in this industry.
Related Terms
ANODE COPPERCATHODE COPPERCOPPER CONCENTRATEPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Copper has a wide application range. China’s GDP growth and steady development of downstream industries support the growth of the Copper Smelting in China.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Cathode copper has wide application range. China’s urbanization deepening process and rapid development of new infrastructure and new energy will promote increasing domestic ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Copper industry is the traditional advantageous industry in Jiangxi. By virtue of copper resources advantages, the Copper Smelting industry in Jiangxi is expected to account ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
The industry concentration level is low. The top four companies are expected to account for around 34.9% of industry revenue in 2024.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The major companies usually have abundant copper mineral resources. Copper mineral resources of their own could guarantee the resource supply for its smelting business and re...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Jiangxi Copper Company Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Tongling Nonferrous Metals Group Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Yunnan Copper Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for Jiangxi Copper Company Limited, and factors influencing its performance in the industry
- Description and key data for Tongling Nonferrous Metals Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Yunnan Copper Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Environmental protection regulations have great impact on the industry. Copper smelting enterprises have to abide by the environmental protection regulations, which may incre...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins are low and decreased little over the past five years. Profit is expected to account for 1.2% of industry revenue in 2024, little down from 1.3% in 2019.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Copper Smelting industry in China in 2024?
The market size of the Copper Smelting industry in China is $263.4bn in 2024.
How many businesses are there in the Copper Smelting in China industry in 2024?
There are 202 businesses in the Copper Smelting industry in China, which has declined at a CAGR of 0.8 % between 2019 and 2024.
Has the Copper Smelting industry in China grown or declined over the past 5 years?
The market size of the Copper Smelting industry in China has been growing at a CAGR of 10.0 % between 2019 and 2024.
What is the forecast growth of the Copper Smelting industry in China over the next 5 years?
Over the next five years, the Copper Smelting industry in China is expected to grow.
What are the biggest companies in the Copper Smelting market in China?
The biggest companies operating in the Copper Smelting market in China are Jiangxi Copper Company Limited, Tongling Nonferrous Metals Group Co., Ltd. and Yunnan Copper Co., Ltd.
What does the Copper Smelting in China include?
Cathode copper and Anode copper are part of the Copper Smelting industry.
Which companies have the highest market share in the Copper Smelting in China?
The company holding the most market share in China is Jiangxi Copper Company Limited.
How competitive is the Copper Smelting industry in China?
The level of competition is low and increasing in the Copper Smelting industry in China.
