Between 2013 and 2023, the US non-ferrous metals production value experienced fluctuations, reaching $115.87 billion in 2023—an almost stable value with slight year-on-year changes. The period showed a slight overall decline, with a negative CAGR of -0.096% over the last five years. Notable years included a significant drop in 2015 and a recovery in 2018.
From 2024 onwards, forecasts indicated steady, albeit modest, growth. The production value is expected to increase to $119.33 billion by 2028, showcasing a forecasted CAGR of 0.46%. This future trend denotes a recovery phase and stabilizing market conditions for the industry.
Trends to watch for in the upcoming years include potential impacts of technological advancements, environmental regulations, and changes in global demand and trade policies. Additionally, supply chain disruptions and shifts towards sustainable practices might influence production dynamics.
