$2.7bn
$XXX.Xm
3,092
40
$XXX.Xm
Molybdenum and metal ore miners have exhibited constant shifts in revenue as commodity prices have fluctuated amid global supply and demand conditions. While revenue slid during the pandemic as mines were temporarily idled or operating at limited capacity, an economic recovery quickly helped miners bounce back. Massive commodity price jumps in molybdenum and platinum have bolstered revenue as steel and automobile manufacturing markets require these metals. These price surges allowed companies to maintain lower production levels amid fixed costs, enhancing profitability. Industry revenue has climbed at a CAGR of 2.2% to an estimated $2.7 billion through the end of 2024. Revenue will dip 7.7% in 2024 as molybdenum prices push down after massive spikes.
Industry revenue has grown at a CAGR of 2.2 % over the past five years, to reach an estimated $2.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Sibanye Stillwater Ltd | 691.9 | 100.7 | 14.6 | |
Rio Tinto Plc | 522.9 | 84.6 | 16.2 | |
Freeport-Mcmoran Inc. | 338.7 | 73.2 | 21.6 |
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Industry revenue is measured across several distinct product and services lines, including Molybdenum, Platinum group metals and Uranium. Molybdenum is the largest segment of the Molybdenum & Metal Ore Mining in the US.
Molybdenum dances along the construction and automotive industries
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.
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NAICS 21229 - Molybdenum & Metal Ore Mining in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue for miners fluctuates significantly because of volatile metal prices. While domestic and global sales dipped during the pandemic, they have since rebounded sharply wi...
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Molybdenum is used as an alloying agent in cast iron, steel and superalloys. Such usage ties the price of molybdenum to the performance of the world's steel industries, which...
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The Rocky Mountains host the largest platinum mines in Montana and the largest molybdenum mines in Colorado. The concentration of metal minerals in this region significantly ...
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Internal competition is largely based on price, but miners can differentiate themselves in other ways. Having a reliable supply and offering low transport costs can give mini...
Learn about the performance of the top companies in the industry.
There has been a corporate mission to reduce carbon footprint. Rio Tinto has placed a greater focus on ensuring that the essential materials it sells are produced more respon...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Metal ore miners are highly regulated. Miners must comply with health and safety regulations and environmental laws to ensure their operations don't get shut down.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wildly fluctuating metal prices have a volatile effect on industry profit. Higher prices have enabled producers to profit more as unit operating costs remain relatively stabl...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Molybdenum & Metal Ore Mining in the US industry in United States is $2.7bn in 2024.
There are 40 businesses in the Molybdenum & Metal Ore Mining in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Molybdenum & Metal Ore Mining in the US industry in United States has been growing at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Molybdenum & Metal Ore Mining in the US industry in United States is expected to grow.
The biggest companies operating in the Molybdenum & Metal Ore Mining market in United States are Sibanye Stillwater Ltd, Rio Tinto Plc and Freeport-Mcmoran Inc.
Uranium, radium and vanadium ore mining and beneficiating and Platinum mining and beneficiating are part of the Molybdenum & Metal Ore Mining in the US industry.
The company holding the most market share in United States is Sibanye Stillwater Ltd.
The level of competition is high and increasing in the Molybdenum & Metal Ore Mining in the US industry in United States.