Copper, Nickel, Lead & Zinc Mining in Canada - Industry Research Report

Digging deep: Copper sales will continue generating the most revenue for mine operators

Copper, nickel, lead and zinc mine operators rely heavily on the market prices of the metals they produce. According to a 2018 British Geological Survey report (latest data available), Canada is one of the 10 largest global producers of nickel, copper and zinc. The most valuable metals are nickel and copper, key inputs for many products. Product prices can shift significantly in response to changing global market conditions, prompting significant revenue and profit volatility. Although nickel and zinc prices have grown during the period, declining domestic production has damaged industry performance. COVID-19 presented a considerable challenge to mine operators in 2020, but rebounding downstream demand and surging metal prices have improved industry performance. Copper, nickel, lead and zinc mining revenue has decreased at a CAGR of 3.2% to $9.1 billion through the end of 2023, including a 6.1% decrease in 2023 alone as base metal prices drop.

Operators within the Copper, Nickel, Lead and Zinc Mining industry in Canada primarily mine ores valued for their copper, nickel, lead or zinc content. Companies may also covert mined ore into concentrates for further downstream processing.

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.