The value added of non-ferrous metal (except aluminum) production and processing in Canada shows a descending trend from 2024 to 2028. Beginning at 3.0215 billion Canadian dollars in 2024, it is projected to decline to 2.5014 billion Canadian dollars by 2028. This marks an average annual decrease of approximately 4.71% over this period. In 2023, the actual value stood at 3.156 billion Canadian dollars, further emphasizing the downward trajectory with an increase in each subsequent year's decline.
Future trends to watch for include:
- Changes in global demand and pricing for non-ferrous metals.
- Technological advancements in production and processing techniques.
- Environmental regulations impacting production costs and operations.
- Canada's trade policies affecting import and export dynamics.
