The forecast for non-ferrous metal (except aluminum) smelting and refining expenses in Canada indicates a steady increase from 13.954 billion in 2024 to 14.057 billion in 2028. This reflects a compound annual growth rate (CAGR) of approximately 0.18% over these five years. The year-on-year variations show a consistent, minimal growth pattern with changes below 0.2% annually. In 2023, the expenses stood at a slightly lower value, indicating modest growth moving into 2024.
Future trends to watch for include potential fluctuations in raw material costs, technological advancements in smelting and refining processes, and changes in environmental regulations, which could significantly impact operational expenses in the sector.
