Base Metal Mining Market - Opportunity Assessment 2015 - 2023 Base Metal Mining Market

Increased Demand for Copper for Power
Infrastructure Development to Drive Base
Metal Mining Activities, states TMR
The global market for base metal mining is characterized by a markedly high level
of consolidation, with Glencore Plc. solely accounting for over 68% of the global
market in 2014, states a report by Transparency Market Research. Other major
vendors in the market, comprising BHP Billiton Limited, Freeport-McMoRan, Inc.,
Antofagasta PLC, CODELCO, and Alcoa Inc., cumulatively accounted for nearly 18%
of the market in the same year.
The market features a low degree of competition but has high exit barriers for
manufacturers owing to investment and contract commitments. The capital
intensive nature of base metal mining facilities has mitigated the threat of new
entrants to a substantial degree, reason why only a few companies hold a majority
of share of the market. Acquiring major mining companies in emerging economies
can help companies in the base metal mining market achieve substantial traction
and expansion across these regions, which are among the most promising
investment hubs for the base metal industry..
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Infrastructure Development Activities to be Key Enabler of Growth
Global estimates entail that nearly 40% of the world economy is directly or
indirectly affected by the mining industry. Consistent supply of base metals such as
copper, zinc, nickel, aluminum, and tin is central to the development of sectors such
as infrastructure, construction, manufacturing, transportation, equipment, and
utilities. Flourishing growth across these sectors in the past few years, especially in
developing regions such as Asia Pacific, is the major demand driver of base metals
in the global market.
The European Union has significantly increased its investment aimed at the
development of the region’s energy infrastructure, to make it more complaint with
renewable energy sources, in the past few years. Transportation, construction, and
equipment industries, which are some of the principal consumers of a number of
base metals, are also expanding at a plausible rate across the globe.
These factors are collectively leading to the increased consumption of base metals
and are expected to remain the key drivers of the global base metal mining market