The US copper stock level has shown a consistent decline over the past decade, decreasing from 258.0 thousand metric tons in 2013 to 92.54 thousand metric tons in 2023. This represents a significant decrease of 12.27% year-on-year in 2023. The average annual variation over the past five years (CAGR) has been a decrease of approximately 10.36%.

Looking forward, the forecasted data from 2024 to 2028 suggest an accelerated reduction in copper stocks. The average annual decline (forecasted 5-year CAGR) is projected at -20.45%, leading to an anticipated level of 24.95 thousand metric tons by 2028. This indicates an overall decrease of 68.15% over the next five years.

Future trends to watch for include:

Potential impacts of technological advancements in copper recycling affecting supply levels.
Economic factors such as market demand, trade policies, and copper mining activities influencing stock levels.
Environmental regulations and initiatives promoting sustainable resource management.
Geopolitical developments that may affect the global copper supply chain.