Forecast: Copper Secondary Smelter Production in Canada

Between 2013 and 2023, Canada's copper secondary smelter production has shown fluctuations with an overall decreasing trend. The production stood at 27.6 thousand metric tons in 2023, a decrease of 1.57% compared to the previous year and reflecting an average annual decline (CAGR) of 1.66% over the last five years.

Projected data from 2024 to 2028 indicates a continued decline in production, with a forecasted average annual decline (CAGR) of 1.37%. By 2028, production is expected to fall to 25.3 thousand metric tons, representing an overall decrease of 6.69% over five years.

Key trends to watch for in the future include:

  • Technological advancements in smelting processes that could improve efficiency and output.
  • Shifts in global copper demand and prices due to economic conditions or new applications for copper.
  • Environmental regulations and policies that could impact production practices.
  • Developments in recycling programs which might influence the availability of secondary copper sources.

Top Countries about Copper