Nonferrous Metal Rolling & Alloying in Canada
The Nonferrous Metal Rolling and Alloying industry in Canada processes precious metals, nickel, zinc and other nonferrous metals, except for aluminum and copper, which operators purchase from primary producers or recover from scrap. In recent years, the industry has experienced tremendous swings in the metal prices, which comprise operators' primary inputs. Operators in this industry produce a range of rolled, drawn, extruded and alloyed nonferrous metal products for diverse applications, including jewellery, specialty steel production and transportation equipment manufacturing. As a result, demand for industry products is driven by the automotive, energy, aerospace and defence markets. Over the five years to 2024, the industry is expected to continue its recent rebound in line with recovering nonferrous metal prices and demand for nonferrous materials from key markets, particularly commercial aerospace, with US demand forecast to be stronger during the outlook period.
Companies in this industry produce semifabrications from nonferrous metals, except copper and aluminum, in bar, plate, sheet, strip and tube form. Primarily, they roll, draw and extrude shapes and alloy purchased nonferrous metals. Companies may also recover nonferrous metals and alloys from scrap. This industry excludes the smelting of ores and primary refining of nonferrous metals.
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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