In 2023, China's refined copper production reached 11.2 million metric tons. Over the past two years, production increased from 10.5 million metric tons in 2021 at a year-on-year growth rate of 3.6%, and by 3.45% in 2023. The last five years saw a Compound Annual Growth Rate (CAGR) of 2.81%. Historical trends show a gradual decrease in year-on-year growth rates from 15.41% in 2013 to just 3.45% in recent years, reflected in a declining 5-year CAGR from 11.82% to 2.81%. Forecasts for 2028 predict a refined copper production of 13.1 million metric tons, with a 5-year CAGR of 2.4%, resulting in an overall growth rate of 12.6% over this period.
Future trends to watch for include:
- Sustainability-driven production methods.
- Technological advancements in refining processes.
- Shifting demand patterns influenced by green energy initiatives.
- Government regulation impacting production and export dynamics.
