Not a drill: Fluctuations in the prices of industry metals will result in revenue volatility

Operators in the Copper, Nickel, Lead and Zinc Mining industry in Ontario are engaged in mining, beneficiating or otherwise preparing relevant ores, although there are no provincial lead deposits. Due to the nature of the industry, revenue is closely aligned with the provincial production and shipment volumes of copper, nickel and zinc in a given year, alongside the prices of these goods, which are subject to global supply and demand conditions. Industry revenue has been hugely volatile over the five years to 2019. While production has fallen over the past five years, one feature that has remained consistent has been the structure of the industry. Over the five years to 2024, the industry is forecast to experience a slight more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Revenue is closely aligned with the provincial production and shipment volumes of copper, nickel and zinc in a given year
  • Industry Report - Industry Locations Chapter

    Ontario accounts for the single largest share of industry establishments at 29.3%, taking into account revenue produced from all metals mined in this industry. The next-largest province is British Columbia at 29.1% establishments, followed by Quebec with 17.8% and Manitoba with 11.4%.Ontario is home to 25.3% of domestic copper mining, making it the second-largest miner of copper after British Columbia. It also has the largest total share of nickel production at 37.4%. This has historically helped Ontario remain at the top of the industry, as nickel is by far the most valuable metal produced by industry operators. Notably, its share of copper and nickel has slipped over the past decade, as it held over 30.0% of domestic copper production in 2013 and over 45.0% o...purchase to read more.

    Additional Insights for the Copper, Nickel & Zinc Mining in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Copper, Nickel & Zinc Mining in Ontario Industry are

  • Ability to accommodate environmental requirements
  • Availability of resource
  • Ability to find new resource deposits
  • IBISWorld analysts also discuss how external factors such as World price of nickel and World price of copper in the Copper, Nickel & Zinc Mining in Ontario industry impact industry performance..

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    What's in this report

    What is the Copper, Nickel & Zinc Mining in Ontario Industry?

    Operators within this industry primarily mine ores valued for their copper, nickel, lead or zinc content. Companies may also covert mined ore into concentrates for further downstream processing.

    Industry Products
  • Copper
  • Nickel
  • Zinc
  • Industry Activities
  • Copper ore mining and beneficiating
  • Nickel ore mining and beneficiating
  • Lead ore mining and beneficiating
  • Zinc ore mining and beneficiating
  • Recovering copper concentrates
  • Exploring for and developing mine sites
  • 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 nickel
  • World price of copper
  • World price of zinc
  • Canadian effective exchange rate index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Copper, Nickel & Zinc Mining in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing in Canada
  • Nonferrous Metal Rolling & Alloying in Canada
  • Battery Manufacturing in Canada
  • Wire & Cable Manufacturing in Canada

  • Key Selling Industries
  • Chemical Wholesaling in Canada
  • Gasoline & Petroleum Wholesaling in Canada
  • Inorganic Chemical Manufacturing in Canada
  • Mining, Oil & Gas Machinery Manufacturing in Canada

  • Products & Services
  • Copper
  • Nickel
  • Zinc
  • Chart: Copper, Nickel & Zinc Mining in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Metal markets
  • All other
  • Construction
  • Electronics
  • Chart: Major Market Segmentation for the Copper, Nickel & Zinc Mining in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Copper, Nickel & Zinc Mining in Ontario

  • Basis of Competition
    Barriers to Entry
    Glencore PLC, Vale Canada Limited, KGHM International Ltd.,
  • Table: Glencore PLC - financial performance
  • Table: Vale Canada Limited - financial performance
  • Table: KGHM International Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Copper, Nickel & Zinc Mining in Ontario 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 Copper, Nickel & Zinc Mining in Ontario Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • World price of nickel (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The electrode where electrons enter, or current leaves, an operating system, such as a battery, an electrolytic cell, an X-ray tube or a vacuum tube.
  • Concentrate
  • A very fine, powder-like product containing the valuable ore mineral from which some of the waste mineral has been eliminated.
  • Electrowinning
  • An electrochemical process in which a metal dissolved within an electrolyte is plated onto an electrode. Used to recover metals such as copper from solution in the leaching of ores, concentrates, etc.
  • Ore
  • A rock that contains minerals with elements, including metals.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Copper, Nickel & Zinc Mining in Ontario market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Copper, Nickel & Zinc Mining in Ontario:
    • 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 Copper, Nickel & Zinc Mining in Ontario 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 Copper, Nickel & Zinc Mining in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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