Copper, Nickel, Lead, And Zinc Market Definition And Segments
Copper is a reddish-gold colored metal that is soft, malleable, and ductile metal with very high thermal and electrical conductivity. Zinc is brittle and blue, white in color metal at room temperature. It has a silvery-greyish appearance when oxidation is removed. Lead is a heavy, soft and malleable metal that is denser than most common materials and also has a relatively low melting point. Nickel is a silvery-white metal color with a shining base and golden tinge. It is a hard and ductile transition metal.
The main types are copper, zinc., lead, and nickel. Copper is a chemical element that is a reddish, extremely ductile metal, a good conductor of electricity and heat. Copper is found in a free metallic state in nature. The various organization involved are large enterprises, small and medium enterprises. The different end-user industries include construction, transport, manufacturing, and others.
The copper, nickel, lead, and zinc market covered in this report is segmented –
1) By Type: Copper, Zinc., Lead, Nickel
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By End-User Industry: Construction, Transport, Manufacturing, Other End-User Industries
The copper, nickel, lead, and zinc market size has grown strongly in recent years. It will grow from $247.03 billion in 2023 to $267.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to economic growth, infrastructure development, stainless steel production, battery manufacturing, construction industry, galvanization, mining production.
The copper, nickel, lead, and zinc market size is expected to see strong growth in the next few years. It will grow to $362 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to green technologies, electric vehicles, sustainable mining, energy storage. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
Increasing Adoption Of Electric Vehicles Fuel Growth In The Copper, Nickel, Lead, And Zinc Market
The increasing adoption of electric vehicles is expected to propel the growth of the copper, nickel, lead, and zinc market going forward. An electric vehicle is an automobile that is powered by electricity stored in rechargeable batteries, eliminating the need for traditional internal combustion engines that run on gasoline or diesel. Copper, nickel, and zinc play crucial roles in electric vehicle batteries, with copper used in wiring, nickel in cathodes for energy density, and zinc in zinc-air batteries for potential charging infrastructure advancements. For instance, in January 2022, according to the International Energy Agency, a France-based intergovernmental organization, the sales of electric cars experienced significant growth, more than doubling from 3 million in 2020 to reach 6.6 million. This increase accounted for nearly 9% of the global car market. Therefore, the increase in the adoption of electric vehicles drives the growth of the copper, nickel, lead, and zinc market.
The Growing Role Of Autonomous Hauling Systems Trucks In The Mining Industry
The use of autonomous hauling systems trucks in the mining industry is significantly enhancing production efficiency and reducing turnaround time. Autonomous haulage systems control and track mining vehicle movements, coordinates and autonomously drives off-highway haul trucks operating in a mine. This system increases efficiency by minimizing delays, reducing operating costs, and reducing fuel consumption, thereby minimizing carbon emissions. For example, RioTinto has already implemented AHS in their mines and has reported 13% reduction in load and haul operating costs from the automated fleet.
Major companies operating in the copper, nickel, lead, and zinc market include Corporacion Nacional del Cobre de Chile, BHP Group, Glencore International, Jiangxi Copper Company, Anglo American PLC, Southern Copper Corp, Vedanta Resources Limited, Teck Resources Ltd., Votorantim S.A, MMC Norilsk Nickel PJSC, Norilsk Nickel, Teck Resources Limited, Vale SA, Hudbay Minerals Inc., Lundin Mining Corporation, First Quantum Minerals Ltd., KGHM Polska Miedz SA, Grupo Mexico S.A.B. de C.V., Nyrstar NV, MMG Limited, Trevali Mining Corporation, Nevsun Resources Ltd., Polymetal International PLC, Sandfire Resources NL, Independence Group NL, Heron Resources Limited, Rio Tinto Group, Zijin Mining Group Co. Ltd., China Molybdenum Co. Ltd., Jiangxi Copper Company Limited.
Increasing Focus On Introducing Zinc Batteries To Gain A Competitive Edge
Major companies operating in the copper, nickel, lead, and zinc market are focused on developing innovative zinc batteries to gain a competitive edge in the market. Zinc batteries offer several advantages, including a broad range of operating temperatures, high power discharge, long-duration storage, flexibility, and low cost. For instance, in February 2021, the International Zinc Association, a US-based non-profit organization representing the global zinc industry, announced the launch of its Zinc Battery Initiative (ZBI). The aim of this initiative is to promote rechargeable zinc batteries and facilitate cooperation between producers to enable increased development in this area. The initiative aims to promote the remarkable story of rechargeable zinc batteries and encourage further adoption of these products.
Asia-Pacific was the largest region in the copper, nickel, lead, and zinc market in 2023. North America was the second largest region in the copper, nickel, lead, and zinc market. The regions covered in the copper, nickel, lead, and zinc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the copper, nickel, lead, and zinc market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The copper, nickel, lead and zinc market consist of sales of copper, nickel, lead and zinc ores. The industry includes establishments that develop mine sites, mine and convert ores into copper, nickel, lead or zinc concentrates. Mining is either through underground or surface mining techniques or both. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The copper, nickel, lead and zinc market research report is one of a series of new reports from The Business Research Company that provides copper, nickel, lead and zinc market statistics, including copper, nickel, lead and zinc industry global market size, regional shares, competitors with a copper, nickel, lead and zinc market share, detailed copper, nickel, lead and zinc market segments, market trends and opportunities, and any further data you may need to thrive in the copper, nickel, lead and zinc industry. This copper, nickel, lead, and zinc market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.