The forecasted closing inventories for the non-ferrous metal, excluding copper and aluminum, seem to be on a consistent decline from 2024 to 2028 in Canada. In 2024, the inventories are projected to be CAD 107.37 million, decreasing to CAD 61.12 million by 2028. This represents a significant year-on-year reduction, with the total inventories expected to decrease by about 43% over the five-year period. The Compound Annual Growth Rate (CAGR) for this period is negative, indicating an average annual decrease in inventory levels.
Key future trends to watch include potential changes in global demand, currency fluctuations influencing export potential, and technological advancements in metal processing. Additionally, any shifts in environmental regulations or metal recycling practices could further impact inventory levels and industry dynamics.
