The value added in the manufacture of basic precious and other non-ferrous metals sector in Brazil stood at 22.36 billion Brazilian Reals in 2023. It is forecasted to increase, reaching 26.13 billion Brazilian Reals by 2028. This reflects a steady upward trend with an estimated compound annual growth rate (CAGR) of approximately 3.17% over the five-year period. Year-on-year growth rates show a consistent rise, between 2.28% and 2.53%, indicating resilience and positive outlook within the sector.
Future trends to watch for include technological advancements in metal extraction and processing, potential shifts in global trade policies, and the impact of environmental regulations on production costs. Additionally, fluctuating demand from key industries like automotive and construction will play a significant role in shaping the sector's growth trajectory.
