The forecast for stocks of bronzes at smelters in the US indicates a consistent decline. In 2023, stocks were higher, marking a significant year-on-year decrease from 2024 to 2028. The percentages show a decrease of approximately 8.3% each year over this period. This downward trend represents a structural shift in inventory levels over the last two forecasted years with an average Compound Annual Growth Rate (CAGR) of -7.8% over the next five years.
Future trends to watch for:
- A continued decrease in demand or supply constraints possibly affecting production.
- Economic factors such as fluctuating raw material costs impacting smelters' operations.
- Technological advancements or shifts towards alternative materials influencing stock levels.
