Industry Analysis & Industry Trends
After a highly volatile five years, the revenue of the Other Non-Ferrous Metal Production industry is expected to reach £1.1 billion at the close of 2016-17. The industry's revenue is forecast to fall at a compound annual rate of 10.7% over the five years through 2016-17, largely on account of fluctuations in nickel and titanium prices. Production of these two metals is expected to account for more than two-thirds of the industry's revenue. Nickel prices have fluctuated over the period, while titanium prices peaked in 2011 and have declined since. Low metal prices are expected to underpin the 11.8% fall in revenue expected in 2016-17.
Nickel prices have plummeted twice over the past five years... purchase to read more
Industry Report - Industry Investment Chapter
For every pound the Other Non-Ferrous Metal Production industry spends on depreciation costs, £7.07 is spent on wage expense. Industry wages are forecast to represent 10.6% of revenue in 2016-17. Total wages in the industry have fallen over the past five years, underpinned by abrupt revenue contractions. Spending on depreciable assets has remained subdued over the past five years as the return on investment would not be sufficient for firms to cover their costs in the current trading environment.
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