$17.5bn
$XXX.Xm
7,920
552
$XXX.Xm
Nonferrous metal refining is highly globalized and closely linked to activity in the construction and manufacturing sectors, along with being heavily influenced by fluctuations in the price of copper and other nonferrous metals, which often reflect cyclical changes in both domestic and global demand. Despite fluctuating demand from downstream markets, the price of copper and nonferrous metals benefited from significant increases for the majority of the five years to 2024, which has helped the industry as nonferrous metal refiners increased selling prices. Nonferrous Metal Refining industry revenue has been expanding at a CAGR of 3.3% over the past five years and is expected to total $17.5 billion in 2024, when revenue will jump by an estimated 0.1%. Similarly, the average industry profit margin will rise as nonferrous metal refiners implement cost-saving strategies.
Industry revenue has grown at a CAGR of 3.3 % over the past five years, to reach an estimated $17.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Freeport-Mcmoran Inc. | 2,859.6 | -29.7 | -1.0 | |
Grupo Mexico S.A. De C.V. | 1,966.4 | 742.0 | 37.7 | |
Nyrstar Nv | 482.1 | 88.5 | 18.3 |
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Industry revenue is measured across several distinct product and services lines, including Copper, Zinc and Gold. Copper is the largest segment of the Nonferrous Metal Refining in the US.
The single-largest product segment is copper refining
Companies in this industry smelt or refine nonferrous metals other than aluminum (IBISWorld report 33131). The smelting or refining process includes the use of both electrolytic and traditional furnace-based procedures. Some operators may provide their services on a fee-for-service basis, more commonly known as toll refining. This industry does not include secondary smelting or refining (IBISWorld reports 33142 and 33149).
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NAICS 33141 - Nonferrous Metal Refining 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.
Nonferrous metal refiners have implemented cost-cutting strategies to boost profit. These include increased consolidation and vertical integration tactics. Lower purchase cos...
Learn about an industry's products and services, markets and trends in international trade.
Copper remains the industry’s largest product segment. Gold also accounts for a significant portion of demand. Zinc, silver, platinum, magnesium and silicon account for a sma...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Nonferrous metal refiners locate themselves near suppliers, making the Mid-Atlantic the most popular choice to set up establishments. Refiners can quickly and conveniently ac...
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.
Competitive pricing is key to attracting downstream customers in a relatively low-margin industry. Nonferrous metal refiners must also be able to deliver a range of high-qual...
Learn about the performance of the top companies in the industry.
Freeport-Mcmoran is vertically integrated, which helps save on costs and time. The company is involved in various mining industries, including copper, nickel, lead and zinc m...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Nonferrous metal refiners are subject to heavy environmental and noise regulation. These include the Clear Water Act, Resource Conservation and Recovery Act, Clean Air Act, t...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the largest cost for nonferrous metal refiners. Raw material prices are the largest expense and have been volatile.
Including values and annual change:
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Key data sources in the US 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 Nonferrous Metal Refining in the US industry in United States is $17.5bn in 2024.
There are 552 businesses in the Nonferrous Metal Refining in the US industry in United States, which has declined at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Nonferrous Metal Refining in the US industry in United States has been growing at a CAGR of 3.3 % between 2019 and 2024.
Over the next five years, the Nonferrous Metal Refining in the US industry in United States is expected to grow.
The biggest companies operating in the Nonferrous Metal Refining market in United States are Freeport-Mcmoran Inc., Grupo Mexico S.A. De C.V. and Nyrstar Nv
Copper and Zinc are part of the Nonferrous Metal Refining in the US industry.
The company holding the most market share in United States is Freeport-Mcmoran Inc..
The level of competition is moderate and steady in the Nonferrous Metal Refining in the US industry in United States.