The import of copper and copper alloy waste or scrap to the US is forecasted to show a consistent upward trend from 2024 to 2028, rising from $926.92 million in 2024 to $1042.0 million in 2028. This represents an average annual growth rate of approximately 3.0%. As of 2023, the market value stood at a lower base, highlighting robust growth in subsequent years. Year-on-year growth rates indicate a steady rise, signaling increased demand for copper recycling.
Future trends to watch for include potential fluctuations in global copper prices, changes in US industrial demand for recycled materials, and the impact of environmental regulations on copper waste management. The pursuit of sustainable practices may further drive the import and processing of recycled metals.
