Nonferrous Metal Refining in the US - Industry Market Research Report

Nonferrous Metal Refining in the US - Industry Market Research Report

  • March 2020 •
  • 41 pages •
  • Report ID: 198748 •
  • Format: PDF
Heavy metal: Curtailed production will likely contribute to increased import competition

Abstract

Nonferrous Metal Refining in the US
The Nonferrous Metal Refining industry is highly globalized and closely linked to activity in the construction and manufacturing sectors, which are the major markets for industry products. Decelerating growth in emerging markets such as China, along with persisting debt issues in developed countries, has caused nonferrous metal prices to deteriorate over the five years to 2019. Over the five years to 2019, industry operators have contended with several operational challenges, including sharp declines in the selling price of most nonferrous metals, rising compliance costs and intensifying external competition from imports and secondary smelters. Over the five years to 2024, industry revenue is expected to stagnate. The world price of copper is projected to rebound marginally over the next five years due to continued global overcapacity and uncertain demand for copper rod and other nonferrous products from emerging markets.

Companies in this industry smelt or refine nonferrous metals other than aluminum (IBISWorld report 33131). The smelting or refining process includes the use of both electrolytic and traditional furnace-based procedures. Some operators may provide their services on a fee-for-service basis, more commonly known as toll refining. This industry does not include secondary smelting or refining (IBISWorld reports 33142 and 33149).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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