The nonferrous metal (except aluminum) smelting and refining industry in the US is projected to decline steadily from 2024 to 2028, observing a decrease in turnover from 5.03 billion USD to 3.16 billion USD. Compared to 2023, this industry is on a downward trajectory, contracting by approximately 10% year-on-year from 2024 to 2028. This negative trend points to a compound annual growth rate (CAGR) of about -11% over the five-year period.

Future trends to watch for include:

Potential shifts in global demand and supply dynamics affecting nonferrous metals.
Technological advancements improving efficiency or reducing costs in smelting and refining processes.
Regulatory or environmental policy changes impacting industry operations.
Emerging market trends that could influence metal usage, such as renewable energy and electric vehicle production.