The copper refinery production in India has experienced significant fluctuations over the past decade. Between 2013 and 2017, there were periods of both growth and decline, with notable increases in 2014 and 2017, and a steep decline in 2018. From 2018 to 2020, the industry faced a downturn, particularly in 2020. However, a recovery began in 2021, with a consistent but minimal year-on-year increase observed through to 2023. In 2023, copper refinery production stood at approximately 642.79 thousand metric tons. This recovery trend is modest, with a Compound Annual Growth Rate (CAGR) of 0.05% projected from 2023 to 2028.
Future trends to watch for include potential impacts of policy changes, shifts in global copper demand, and advancements in technology that may affect production efficiency. Monitoring these factors will be crucial for anticipating further variations in the copper refinery production outlook.
