As of 2023, primary copper refinery production in the US was recorded at 1,000 thousand metric tons. The forecast indicates a gradual decline in production from 980.58 thousand metric tons in 2024 to 925.98 thousand metric tons by 2028. This represents a year-on-year decrease of 1.44% in 2025, 1.43% in 2026, 1.42% in 2027, and 1.42% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be -1.47%.
Future trends to watch for include potential impacts from technological advancements in mining, shifts in global demand particularly from the renewable energy sector, and possible regulatory changes that could influence domestic refining capabilities.
