$9.6bn
$X.Xbn
7,510
31
$X.Xbn
Copper ore mining revenue is expected to have increased at an annualised 3.5% over the five years through 2023-24, to $9.6 billion. This robust growth is due to higher copper prices, and strengthened demand growth from China for copper used in construction, communications and manufacturing. China's commitment to clean energy – particularly in the solar panels, electric vehicles (EVs), and batteries sectors – has significantly escalated the country's demand for copper. Highly advanced economies, like Japan, have also supported demand growth through raised domestic production volumes. Australia is one of the world's major copper mining countries, behind Chile, Peru, China, the Democratic Republic of Congo and the United States.
Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated $9.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
BHP | 3,957.7 | |
Newcrest Mining | 1,094.5 | |
Glencore | 794.6 |
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Industry revenue is measured across several distinct product and services lines, including Copper ore and concentrate and Electrowin copper. Copper ore and concentrate is the largest segment of the Copper Ore Mining in Australia.
Copper ore and concentrate accounts for most industry revenue
Industry firms mine copper ore and carry out beneficiation processes. These basic processes convert the copper ore into copper concentrate, which downstream processors then smelt and refine into copper products and copper cathodes.
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ANZSIC 0803 - Copper Ore Mining in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
China's investment in clean energy industries like solar power, EVs and batteries drives copper demand because of its high electrical conductivity. However, finite copper sup...
Learn about an industry's products and services, markets and trends in international trade.
The global slowdown in consumer and general products manufacturing has harmed demand for copper. The weakened demand, caused by challenging economic conditions, is mainly see...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic distribution of copper producers reflects the location of copper ore deposits and expected operational costs. Production costs depend on ore grade, how easily ...
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.
Economies of scale are paramount, with significant upfront costs required to develop a new mine. Entry is difficult due to the major operational risks associated with identif...
Learn about the performance of the top companies in the industry.
Larger copper producers have consolidated their market position through acquisitions. Major players are positioning themselves to benefit from global electrification trends.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Copper producers have benefited from rising global copper prices. Strong international demand has copper prices set to remain elevated over the next few years.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising global copper prices and favourable trading conditions have lifted profit margins. Margins have improved despite tight labour market conditions and rising input prices...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Copper Ore Mining industry in Australia is $9.6bn in 2024.
There are 31 businesses in the Copper Ore Mining industry in Australia, which has grown at a CAGR of 6.2 % between 2019 and 2024.
The market size of the Copper Ore Mining industry in Australia has been growing at a CAGR of 3.5 % between 2019 and 2024.
Over the next five years, the Copper Ore Mining industry in Australia is expected to grow.
The biggest companies operating in the Copper Ore Mining market in Australia are BHP, Newcrest Mining and Glencore
Copper ore and concentrate and Electrowin copper are part of the Copper Ore Mining industry.
The company holding the most market share in Australia is BHP.
The level of competition is low and steady in the Copper Ore Mining industry in Australia.