Industry Analysis & Industry Trends
The Copper, Nickel, Lead and Zinc Mining industry is heavily reliant on the market prices of the metals it produces. Canada is the ninth-largest producer of copper and the fifth-largest producer of nickel in the world. Therefore, the prices of these metals heavily influence the industry's performance. The industry also produces zinc and, to a significantly lesser extent, lead. Industry operators will continue to seek additional measures to reduce mine operation costs, effectively increasing profitability in the five years to 2021. Like other mining industries, companies in this industry must actively explore for or acquire mineral assets on a regular basis.
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Industry Report - Industry Locations Chapter
The Copper, Nickel, Lead and Zinc Mining industry is highly concentrated in British Columbia (28.6% of establishments) and Ontario (17.9% of establishments). Outside of these regions, only Newfoundland (10.7%) and Quebec (17.9%) have a relatively strong presence of industry operators. In the past five years, these regions have maintained their relative share of industry establishments, largely due to the fixed nature of mining. British Columbia is home to the country's largest open pit copper mine, Highland Valley Copper Mine, owned by Teck Resources. Ontario contains nickel, copper and zinc mines.
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