INDUSTRY
Metals and Mining
The mining and metals industry is crucial for supplying mineral commodities essential to many sectors worldwide. The metals and mining sector underpins the global economy, from coal to rare earths critical for high-tech industries. In 2022, despite generating record revenue, the sector’s net profit margin decreased significantly due to high labor, fuel, and energy costs.
Industry factsheet
The Metals and Mining sector involves the extraction of minerals and metals from the earth and their processing into usable forms. It includes activities like mining, smelting, and refining.
EUROPE TURNOVER
MAIN CURRENCY
DOMESTIC TRADE
FOREIGN TRADE
SUPPLY CHAIN TEARING
€ 200 B
€
35%
65%
4+
EUROPE TURNOVER
€ 200 B
MAIN CURRENCY
€
DOMESTIC TRADE
35%
FOREIGN TRADE
65%
SUPPLY CHAIN TEARING
4+
Notable companies
Creditworthiness
Generally moderate to high for large companies like ArcelorMittal and ThyssenKrupp (A or above), with smaller firms having more variable ratings based on resource availability and market conditions.
Geographic distribution, %
No Data Found
DSO
No Data Found
Working capital challenges
A 2023 study by McGrathNicol found that metals and mining companies have managed to decrease their DWC by 5.9 days. The sector’s DSO also decreased by 10.5 days. The improvements are attributed to normalization in global supply chains.
- High capital investment
- Price volatility of raw materials
- Long production cycles
- Environmental and regulatory compliance
- Managing global supply chains
Invoice sizes
€5,000,000
Maximum
€200,000
Average
€ 10,000
Minimum
Turnover size distribution
Metals & Mining companies, Europe, %
No Data Found
Economic outlook
The sector’s growth is driven by the demand for metals in the construction, manufacturing, and technology sectors. Renewable energy projects and electric vehicle production will increase demand for specific metals like lithium and cobalt.
Top invoicing currencies
- EURO
- US Dollar
- British Pound
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