Forecast: Copper Refinery Production in Belgium

Between 2013 and 2016, the copper refinery production in Belgium experienced a steady decline, with the most significant drop of 3.14% in 2016. This trend reversed in 2017 with a notable increase of 8.78%. However, 2020 saw a sharp decline in production by 16.94%, likely due to the impact of the COVID-19 pandemic. The subsequent recovery in 2021 was substantial, with a 20.57% increase, leading to stabilization. As of 2023, production stood at 391.69 thousand metric tons, showing marginal increases year-on-year.

Future trends to watch for:

  • Continued stabilization and slight increases projected through 2028, with a forecasted 5-year CAGR of 0.06%.
  • Potential economic or technological developments influencing copper demand and refining capabilities.
  • Global supply chain dynamics and environmental regulations or policies impacting production processes.

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