In Canada, the forecast for non-ferrous metal (except aluminum) smelting and refining opening inventories displays a declining trend from 2024 to 2028. The value in 2023 stood at 2.574 billion Canadian Dollars, indicating a subsequent decrease in the coming years. Year-on-year percentage changes are negative, reflecting a consistent annual downward trajectory. The compound annual growth rate (CAGR) analysis projects an average annual decrease across this five-year span.
Future trends to watch:
- Global demand fluctuations and their impact on inventory levels.
- Technological advancements in smelting and refining processes.
- Sustainable practices influencing supply chain management.
- Economic policies affecting trade and inventory movement.”
