The closing inventories for non-ferrous metal (except aluminum) smelting and refining in Canada exhibit a gradual decline from 2024 to 2028, dropping from 2.881 billion CAD in 2024 to 2.7056 billion CAD in 2028. Comparing with 2023, inventories in 2024 have increased, indicating a stock build-up, but trend to decrease thereafter, reflecting a reduction in stock levels. The year-on-year decline from 2024 onwards averages a reduction of approximately 1.54% annually.
Future trends to watch for include changes in demand for non-ferrous metals due to technological advancements and global economic conditions, which could influence inventory levels and market strategies.
