Nonferrous Metal Refining is a highly globalized industry that is closely linked to activity in the construction and manufacturing sectors, which are the major markets for industry products. Over the five years to 2017, 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. Overall, industry revenue has declined during the period, but is expected to rise moderately over the five years to 2022.
Companies in this industry smelt or refine nonferrous metals other than aluminum (see IBISWorld report 33131 for the Aluminum Manufacturing industry). 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.