The market is dominated by domestic suppliers, as imports account for 1.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The US has the fourth largest market size for mining of metal ores across the top 19 developed countries, with demand reaching USD23.4 billion in 2023. Freeport-McMoRan Copper & Gold Inc is the largest company in the US, generating 15.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 34.3% of total production value in 2023. The total number of companies increases in 2023, to 624 units. The costs of the industry decrease by 2.1% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 42.3% of production value in 2023, the seventh highest across the top 19 developed countries. The industry’s exports share decreases in 2023 to 25.7% of total production output. With production value of USD30.7 billion, the US accounts for 55.1% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Mining of Metal Ores in the US: ISIC 13. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Mining of Metal Ores in the US: ISIC 13 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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