Skip to content
iCFO
  • Products
  • How it works
  • AI Insights
  • About us
    • Support
    • One on One
    • Sample reports
    • FAQ
    • Industry Search
  • Pricing
  • Blog
Sign In Start Free Trial Sign Up for Free
Home › Industry Metrics › SIC 10

SIC 10 - Metal Mining

SIC 10 - METAL MINING
SIC 01 Agricultural Production Crops SIC 02 Agricultural Production Livestock And Animal Specialties SIC 07 Agricultural Services SIC 08 Forestry SIC 09 Fishing, Hunting, And Trapping SIC 10 Metal Mining SIC 12 Coal Mining SIC 13 Oil And Gas Extraction SIC 14 Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 Building Construction General Contractors And Operative Builders SIC 16 Heavy Construction Other Than Building Construction Contractors SIC 17 Construction Special Trade Contractors SIC 20 Food And Kindred Products SIC 21 Tobacco Products SIC 22 Textile Mill Products SIC 23 Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 Lumber And Wood Products, Except Furniture SIC 25 Furniture And Fixtures SIC 26 Paper And Allied Products SIC 27 Printing, Publishing, And Allied Industries SIC 28 Chemicals And Allied Products SIC 29 Petroleum Refining And Related Industries SIC 30 Rubber And Miscellaneous Plastics Products SIC 31 Leather And Leather Products SIC 32 Stone, Clay, Glass, And Concrete Products SIC 33 Primary Metal Industries SIC 34 Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 Industrial And Commercial Machinery And Computer Equipment SIC 36 Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 Transportation Equipment SIC 38 Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 Miscellaneous Manufacturing Industries SIC 40 Railroad Transportation SIC 41 Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 Motor Freight Transportation And Warehousing SIC 44 Water Transportation SIC 45 Transportation By Air SIC 46 Pipelines, Except Natural Gas SIC 47 Transportation Services SIC 48 Communications SIC 49 Electric, Gas, And Sanitary Services SIC 50 Wholesale Trade-durable Goods SIC 51 Wholesale Trade-non-durable Goods SIC 52 Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 General Merchandise Stores SIC 54 Food Stores SIC 55 Automotive Dealers And Gasoline Service Stations SIC 56 Apparel And Accessory Stores SIC 57 Home Furniture, Furnishings, And Equipment Stores SIC 58 Eating And Drinking Places SIC 59 Miscellaneous Retail SIC 60 Depository Institutions SIC 61 Non-depository Credit Institutions SIC 62 Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 Insurance Carriers SIC 64 Insurance Agents, Brokers, And Service SIC 65 Real Estate SIC 67 Holding And Other Investment Offices SIC 70 Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 Personal Services SIC 73 Business Services SIC 75 Automotive Repair, Services, And Parking SIC 76 Miscellaneous Repair Services SIC 78 Motion Pictures SIC 79 Amusement And Recreation Services SIC 80 Health Services SIC 81 Legal Services SIC 82 Educational Services SIC 83 Social Services SIC 84 Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 Membership Organizations or Unions And Similar Labor Organizations SIC 87 Engineering, Accounting, Research, Management, And Related Services SIC 89 Services, Not Elsewhere Classified SIC 96 Administration Of Economic Programs
Buy the detailed report

This major group includes establishments primarily engaged in mining, developing mines, or exploring for metallic minerals (ores). These ores are valued chiefly for the metals contained, to be recovered for use as such or as constituents of alloys, chemicals, pigments or other products. This major group also includes all ore dressing and beneficiating operations, whether performed at mills operated in conjunction with the mines served or at mills, such as custom mills, operated separately. These include mills which crush, grind, wash, dry, sinter, calcine, or leach ore, or perform gravity separation or flotation operations. Magnesite and brucite operations are classified in Industry 1459, and crushed dolomite operations are classified in Industry 1422. Smelters and refineries are classified in Manufacturing, Major Group 33, and establishments engaged in producing primary magnesium metal are classified in Manufacturing, Industry 3339. The operation of brine wells or sea water plants for the production of magnesium is classified in Manufacturing, Major Group 28. When performed by operators of the properties, exploration under preliminary phases of operation should be classified according to the type of ore expected to be found. Exploration performed on a contract or fee basis is classified in Industry 1081.

View full description › Collapse full description ›

This major group includes establishments primarily engaged in mining, developing mines, or exploring for metallic minerals (ores).

These ores are valued chiefly for the metals contained, to be recovered for use as such or as constituents of alloys, chemicals, pigments or other products.

This major group also includes all ore dressing and beneficiating operations, whether performed at mills operated in conjunction with the mines served or at mills, such as custom mills, operated separately.

These include mills which crush, grind, wash, dry, sinter, calcine, or leach ore, or perform gravity separation or flotation operations. Magnesite and brucite operations are classified in Industry 1459, and crushed dolomite operations are classified in Industry 1422. Smelters and refineries are classified in Manufacturing, Major Group 33, and establishments engaged in producing primary magnesium metal are classified in Manufacturing, Industry 3339.

The operation of brine wells or sea water plants for the production of magnesium is classified in Manufacturing, Major Group 28. When performed by operators of the properties, exploration under preliminary phases of operation should be classified according to the type of ore expected to be found. Exploration performed on a contract or fee basis is classified in Industry 1081.

Explore the industry hierarchy

Drill down to explore more specific industries.

SIC 10 Metal Mining
SIC 104 Gold And Silver Ores
SIC 1041 Gold Ores
View full hierarchy

Industry trends

The metal mining industry (NAICS 10) has witnessed significant shifts driven by evolving market demands and legislative changes. One prominent trend is the increasing emphasis on sustainability and environmental impact. Companies are being pushed towards adopting greener mining technologies and practices, reducing carbon footprints, and ensuring responsible supply chains. This is partially due to stricter environmental regulations and a growing awareness of ESG (Environmental, Social, and Governance) criteria among investors.

Technological advancement continues to reshape the industry. Automation, IoT (Internet of Things), and AI (Artificial Intelligence) are becoming more integral, enhancing operational efficiency and safety. Autonomous vehicles and drones, for instance, are being used for deeper and more precise exploration, as well as for monitoring mine conditions with reduced human risk.

Another qualitative trend is the increased focus on the circular economy. Companies are investing more in metal recycling processes, seeing them not just as a compliance necessity but as a profitable opportunity. This is increasingly relevant as global demand for metals, especially critical and rare earth metals, is projected to rise with the growth of renewable energy technologies and electric vehicles.

Looking ahead, the metal mining industry is expected to see a convergence of sustainability efforts with digital transformation, resulting in a more responsible and efficient sector. Market forecasts suggest that demand for metals like lithium, cobalt, and nickel will experience significant growth, driven by the battery and energy storage markets. Companies that innovate and adapt to these changes will likely lead the way in capturing market share and ensuring long-term viability.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

This 2-digit industry does not have industry benchmark data available.

Compare key metrics for this industry in the detailed report.

Total Companies in this Industry 178
View full snapshot

Explore related industries

  • SIC 10 Metal Mining
  • SIC 101 Iron Ores
  • SIC 102 Copper Ores
  • SIC 103  Lead And Zinc Ores
  • View all related industries

Get the Full Industry Report

In-depth analysis, 50+ financial ratios, 4-year trends, and industry forecasts.

View interactive report sample Buy the detailed report
iCFO

Private-company financial intelligence for better decisions.

Products

  • How it works
  • AI Insights
  • Pricing

Company

  • About us
  • Blog
  • Contacts

Get in touch

  • 7441 Sawmill Rd, Suite 5 Madison, WI 53717
  • (833) 677-1185
  • info@icfo.pro

© Copyright FINTEL, LLC

Privacy Policy Terms of Use