In 2023, Canada's tungsten production stood at a benchmark level, initiating forecasts indicating a gradual decline. From 2024's projection of 1.75 thousand metric tons, production is expected to decrease consistently: 1.73 in 2025, 1.72 in 2026, 1.71 in 2027, and 1.69 in 2028. This reveals a stable downward trend, with year-on-year declines around 1.1% to 1.2% annually. Analyzing over five years, the Compound Annual Growth Rate (CAGR) shows a negative growth trajectory in tungsten output.
Future trends to watch for include advancements in recycling technology and shifts in global demand, particularly from industries such as electronics and aerospace, which could impact tungsten production levels in Canada.
