The copper industry in Russia grew at a rate of five percent in the past five years and accounted for $6 billion in revenues. As copper is an excellent conductor of electricity the majority of production is used in the cables production process in Russia. The construction industry is the second largest buyer of copper, used mainly for heating, plumbing and ventilating. The average buyers are usually large companies.
Russia’s copper reserves are located in Siberia (70%) and the Urals (20%). A large percentage of Russian reserves are in the remote northern and eastern regions, away from major populations and infrastructure. While exploration was undertaken in these remote regions during the Soviet era, after the collapse, enterprises in the area sharply curtailed operations. Russia’s copper deposits vary in size and are composed of a variety of mineral types. The copper deposits in the country include ultramafic/mafic intrusion-hosted, VMS, SEDEX, strata-bound sedimentary rock-hosted, porphyry and skarn.
Norilsk Nickel is the biggest player in the market. Whilst it is possible to enter the industry, it does require significant capital outlay as it is essential to build production facilities. This constitutes a strong entry barrier and raises exit costs, which tends to increase rivalry in the industry.
In this industry scenario, Taiyou Research analyzes the Copper Industry in Russia. The report covers the following:
An industry definition.
A brief analysis of the Global mining industry.
A brief analysis of the Russian mining industry, including a look at industry statistics, geographical segmentation, regulatory framework and an industry forecast.
A Porter’s Five Forces analysis of the Russian mining industry.
An analysis of the Russian copper industry includes an industry statistics, market value and volume analysis, a regional market share analysis, and an analysis of industry trends.
Competition in the industry is analyzed through competitive landscape.
Major players are analyzed through a company profile.
An industry forecast completes this comprehensive coverage of the Russian Copper Industry from Taiyou Research.