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    Metal Ore Mining Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 5/17/2021
    SIC Codes: 1011, 1021, 1031, 1041, 1044, 1061, 1094, 1099
    NAICS Codes: 2122, 213114
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Metal Ore Mining Industry Profile

    Companies in this industry develop mine sites, mine and quarry metallic minerals and provide related support services, and prepare minerals for sale. Major companies include Freeport-McMoRan and Newmont Mining (both based in the US), as well as Anglo American (UK), China Molybdenum, BHP Billiton and Rio Tinto (both dually headquartered in Australia and the UK), Glencore (Switzerland), Grupo Mexico, MMC Norilisk Nickel (Russia), and Vale (Brazil).

    China, Australia, Chile, and South Africa dominate the global metal ore mining industry. The world's most highly mined metals are iron ore, bauxite, aluminum, chromium, copper, manganese, zinc, and silicon. Fueled by economic growth and higher spending among construction and manufacturing industries, mining companies in China are expected to experience strong growth over the next several years.

    The US metal ore mining industry includes about 211 companies with combined annual revenue of about $27 billion, as well as about 269 establishments (single-location companies and units of multi-location companies) that provide related support services and generate annual revenue of about $3 billion..

    The industry includes companies that mine and process gold, silver, copper, nickel, lead, zinc, iron ore, uranium, and other metals.

    COMPETITIVE LANDSCAPE

    Demand is driven by industrial production and economic growth, both domestic and foreign. Individual company profitability depends on volume and operating efficiency. Large companies can afford to discover and develop new deposits and increase reserves. Small companies typically own just one mine, limit exploration ...

     
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