The copper smelter production in Finland experienced a consistent decline from 2013 to 2023. In 2013, production stood at 177.0 thousand metric tons. By 2023, it had decreased to 149.71 thousand metric tons. While the production drop was especially steep in 2020 with a 17.49% year-on-year decline, the years following showed minor fluctuations with moderate changes. The 5-year CAGR ending in 2023 was recorded at -0.56%. Forecasts for the upcoming years predict a continued, albeit slow, decline, with a 5-year CAGR from 2024 to 2028 expected to be -0.48%.
For future trends, it will be essential to monitor advancements in smelting technology, potential increases in recycling, and environmental regulations, as these factors may influence production levels. The global demand for copper, driven primarily by the green energy transition and electric vehicle adoption, may also impact production dynamics in Finland.
