The refined copper stocks at refineries in the US are forecasted to decrease consistently from 2024 to 2028. Starting at 5.4 thousand metric tons in 2024, the stock is predicted to decline to 2.89 thousand metric tons by 2028. Compared to 2023, where the volume stood at 6.0 thousand metric tons, this represents a noticeable reduction. The year-on-year decrease is approximately 11.85% from 2024 to 2025 and 13.26% from 2025 to 2026. The compound annual growth rate (CAGR) over the five years shows an average yearly decline of about 14.43%.
Future trends to watch for include technological advancements in refining processes, shifts in global copper demand, and potential regulations impacting copper production. Additionally, recycling efforts and alternative materials may also influence the copper supply chain dynamics in the upcoming years.
