The forecast for refined copper stocks at wire-rod mills in the US shows a steady increase from 44.5 thousand metric tons in 2024 to 47.3 thousand metric tons in 2028. This forecasts a compound annual growth rate (CAGR) of approximately 1.54% over the five-year period, indicating a consistent upward trend.
For context, in 2023, the refined copper stocks were recorded at 44 thousand metric tons. The year-on-year change from 2024 to 2025 is 1.62%, from 2025 to 2026 is 1.57%, from 2026 to 2027 is 1.50%, and from 2027 to 2028 is 1.46%, suggesting a gradual slowing of growth.
Future trends to watch include the impact of green energy initiatives which may spur demand for copper. Additionally, global economic conditions and technological advancements in copper recycling could influence future stock levels.
