In 2024, refined copper stocks at COMEX are projected at 32.99 thousand metric tons. Compared to 2023, when stocks stood at not provided, this reflects a future projected trend of declining reserves. Year-on-year changes reveal a consistent decrease: 5.6% from 2024 to 2025, 5.9% from 2025 to 2026, 6.1% from 2026 to 2027, and 6.3% from 2027 to 2028. Over the next five years ending in 2028, the average compound annual growth rate (CAGR) indicates a decrease in inventory levels at COMEX.
Future trends to watch:
- Sustainability and recycling advancements affecting supply.
- Economic growth trends impacting copper demand.
- Technological developments influencing copper extraction and stock levels.
- Trade policies and geopolitical factors altering copper availability.
