Australian copper industry to grow 30% to 2016 says new report

According to the 73 page report ‘Copper Industry in Australia’ the Australian copper industry is forecast to grow by up to 30% to 2016.

Australiais one of the world's largest copper mining countries, although its output comes just behind that ofChile,Peru, theUnited StatesandChina.Chilealone represents about one-third of global copper mine output.Australia's copper ore production is expected to be over 1.0 million tons in 2012-13.

Rapid growth in industry revenue over the past 5 years has been driven by booming demand in large emerging nations such asChinaandIndiafor copper, leading to large price rises. Copper mineralisation is distributed throughoutAustralia, but mined from relatively few mines, with the primary producers being the Olympic Dam inSouth Australiaand Mount Isa Mines inQueensland. Other significant copper operations are at Northparkes and Cadia-Ridgeway in New South Wales, Golden Grove in Western Australia, Ernest Henry, Osborne and Mt Gordon in Queensland and Mt Lyell in Tasmania.

The copper industry inAustraliais concentrated and is represented by a limited number of large, multinational players offering similar products and services within each segment. View the Report

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