The copper primary smelter production in Brazil experienced significant fluctuations between 2013 and 2023. As of 2023, the production stood at 107.69 thousand metric tons, reflecting a gradual decline. The highest decrease was observed in 2017 with a -36.98% year-on-year variation. Over the last five years leading up to 2023, the CAGR was -4.02%, confirming a consistent downward trend. From 2024 onwards, the production is forecasted to continue declining, with a forecasted 5-year CAGR of -4.11%, leading to a drop to 83.14 thousand metric tons by 2028.
Future trends to watch for include:
- Policy changes impacting the mining industry in Brazil
- Global copper market demand shifts
- Technological advancements in smelting processes
- Sustainability and environmental regulations
