Digging in: As metal prices increase, domestic reserves will satisfy growing demand

Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, uranium, cobalt and a variety of metal bearing ores sold to various markets. As a result, industry revenue is closely linked to the underlying prices of the commodities, which themselves are a function of global supply and demand conditions. Uranium demand has been slow over the past five years, partly due to low demand for new nuclear projects following the Fukushima Daiichi nuclear disaster. This has prompted global supplies of uranium to build up, bringing prices down worldwide. The outlook for the industry over the five years to 2024 is positive, as average prices of industry-relevant commodities are expected to increase...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
-2.1%
Forecast Growth 19-24
Profit
Employment
2,408
Businesses
7

Industry Threats & Opportunities

  • Industry revenue is closely linked to the underlying prices of commodities
  • Industry operators are very sensitive to changes in product prices
  • Global steel output is expected to grow to meet demand
  • Industry Report - Industry Analysis Chapter

    The Uranium and Metal Ore Mining industry supplies commodities to a wide variety of markets, including the steel, automobile and electronics manufacturers and energy sectors. The largest sources of industry revenue come from the production and sale of uranium and platinum group metals. The industry exemplifies the effects of a globalizing economy, with worldwide demand conditions greatly influencing commodity prices, and in turn domestic production. In recent years, a slowdown in emerging economies has placed downward pressure on prices of industry products. As a result, over the five years to 2019 the industry has experienced poor operating conditions, with the average prices of all major metals falling significantly. In ...purchase to read more.

    Additional Insights for the Uranium & Metal Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Uranium & Metal Ore Mining Industry are

  • Ability to accommodate environmental requirements
  • Access to multiskilled and flexible workforce
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as World price of uranium and World price of platinum in the Uranium & Metal Ore Mining industry impact industry performance..

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    What's in this report

    What is the Uranium & Metal Ore Mining Industry?

    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.

    Industry Products
  • Platinum group metals
  • Uranium
  • Molybdenum
  • Other metal bearing ores
  • Industry Activities
  • Uranium, radium and vanadium ore mining and beneficiating
  • Beryllium ore mining and beneficiating
  • Molybdenum ore mining and beneficiating
  • Platinum mining and beneficiating
  • Palladium mining and beneficiating
  • Other metal ore mining and beneficiating (excluding iron ore, gold and silver, and major base metals)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of uranium
  • World price of platinum
  • Canadian effective exchange rate index
  • World price of molybdenum

  • Current Performance
  • Commodity price volatility
  • Production and trade
  • Profiting from by-products
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady production and price growth
  • Industry Structure
  • International trade
  • Table: Uranium & Metal Ore Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Uranium & Metal Ore Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Computer Peripheral Manufacturing in Canada
  • Automobile Engine & Parts Manufacturing in Canada
  • Jewellery Manufacturing in Canada
  • Thermal Power in Canada
  • Copper, Zinc & Lead Refining in Canada

  • Key Selling Industries
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Petroleum Refining in Canada
  • Thermal Power in Canada

  • Products & Services
  • Uranium
  • Platinum group metals
  • Other metal bearing ores
  • Molybdenum
  • Chart: Uranium & Metal Ore Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Utilities
  • Chemical manufacturers
  • Other markets
  • Iron and steel manufacturers
  • Exports
  • Chart: Major Market Segmentation for the Uranium & Metal Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Uranium & Metal Ore Mining

  • Basis of Competition
    External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Uranium & Metal Ore Mining Industry

  • Industry Globalization
    Cameco Corporation, Orano Canada Inc., North American Palladium Ltd.,
  • Table: Cameco Corporation - financial performance
  • Table: Orano Canada Inc. - financial performance
  • Table: North American Palladium Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Uranium & Metal Ore Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Uranium & Metal Ore Mining Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • World price of Uranium (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Concentrate
  • A very fine, powder-like product containing the valuable ore mineral from which most of the waste mineral has been eliminated.
  • In Situ Leaching
  • A process that involves dissolving uranium in the ground. The uranium solution is then pumped out for processing.
  • Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone; the shape of the mine opening varies with the shape of the mineral deposit.
  • Roasting
  • A process by which MoS2 concentrate is converted into roasted molybdenite (MoO3) concentrate, which typically contains a minimum of 57% molybdenum, and less than 0.1% sulfur.
  • Yellowcake
  • Also known as uranium oxide, it is used to produce fuel for nuclear electric power generation.
  • What Our Customers Say

    Why buy this report?

    The Uranium & Metal Ore Mining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Uranium & Metal Ore Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Uranium & Metal Ore Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Uranium & Metal Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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