As of 2024, the Canadian non-ferrous metal (excluding aluminum) smelting and refining sector is entering a phase of decline. The value added by this industry is forecasted to drop from its 2024 figure of approximately CAD 2.51 billion, with year-on-year decreases evident through 2028. The compound annual growth rate (CAGR) over the five-year forecast period indicates a consistent downward trend, suggesting contraction in the sector's economic contribution.

Future trends to consider include:

Technological advancements in metal processing potentially altering cost dynamics.
Demand shifts driven by global electrification and renewable energy goals.
Policy changes impacting environmental regulations and trade flows affecting competitiveness.