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.