From 2013 to 2023, China's primary smelter production of copper increased from 4.0 million metric tons to 7.7564 million metric tons, representing a substantial growth trajectory with various fluctuations. The year-on-year variations saw significant increases, peaking at 29.25% in 2014, followed by slight declines and recoveries, notably a -13.51% dip in 2020, and a strong recovery of 25.25% in 2021. The last two years observed stable growth with 3.73% in 2022 and 3.52% in 2023, while the compound annual growth rate (CAGR) declined from 13.87% in 2014 to 3.92% in 2023.
Looking ahead, the forecasted CAGR for the next five years (2024-2028) stands at 2.57%, with an overall growth rate of 13.54%, indicating a continued but modest rise in production. Key trends to watch include advancements in smelting technologies, government policies affecting mining and production, and global demand fluctuations which could significantly influence future production levels.
