Forecast: Production of Precious Metals in Finland

The production of precious metals in Finland has seen significant fluctuations from 2013 to 2023. Peaking in 2014 with a year-on-year increase of 41.35%, production subsequently declined sharply, hitting a low in 2019. Since then, there has been a slight recovery with a 3.59% increase in 2023, bringing the production to 97.43 thousand kilograms. The compound annual growth rate (CAGR) over the past five years was marginally positive at 0.34%.

Future trends to watch for include:

  • A forecasted increase in production from 2024 to 2028, reaching 113.83 thousand kilograms by 2028.
  • A projected 2.47% annual growth rate over the next five years, indicating a steady rise in output.
  • Emerging technologies and market conditions that may impact production capabilities and efficiency.
  • Environmental regulations and their potential effect on mining activities.

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