The stocks of No.1 Wire and Heavy Copper in the US are forecasted to show a gradual increase from 2024 to 2028, starting at 2.2 thousand metric tons and reaching 2.33 thousand metric tons. Compared to 2023, this indicates a consistent upward trend. From 2024, the year-on-year growth is around 1.36% to 1.5%. Over the last two years, this trend reflects stable demand growth. As of 2023, the actual level stood slightly below the 2024 forecast, indicating prior growth. The Compound Annual Growth Rate (CAGR) over five years projects a steady annual increase in stock volumes.
Future trends to watch for include fluctuations in demand driven by technological advancements, regulatory changes impacting production or imports, and broader economic conditions that may affect construction and manufacturing sectors, heavily reliant on such materials. Monitoring global copper prices will also be crucial, as they could influence domestic stock levels.
