In 2023, Canada's non-ferrous metals production was valued at 55.45 billion Canadian dollars. Over the past years, production has shown fluctuations, with notable declines in 2016 and 2020, but it also observed a series of growth periods, particularly from 2017 to 2019 and recently from 2021 to 2023. Year-on-year variations depict a mostly positive trend, with recent years showing moderate growth. The projected CAGR for the next five years is 0.83%, pointing to a future growth rate of 4.2% in 2028.
Looking forward, key trends to watch for include technological advancements in metallurgy, shifts in global demand for non-ferrous metals, and potential regulatory changes impacting production processes and environmental standards.
