The forecast for stocks of unalloyed copper-base scrap at foundries and miscellaneous manufacturers in the US indicates a gradual increase from 3.34 thousand metric tons in 2024 to 3.5 thousand metric tons in 2028. The growth pattern shows a consistent year-on-year rise of approximately 1.2% between each subsequent year, highlighting a stable upward trend. Assuming the standing in 2023 was slightly below the forecasted level for 2024, this suggests a continuation of the current growth trajectory.
Future trends to watch for include:
- Potential shifts in demand from industries that heavily rely on copper scrap, driven by economic conditions and industrial policy changes.
- Market influences such as technological advancements in recycling processes that could affect supply dynamics.
- Environmental regulations impacting the collection and processing of unalloyed copper-base scrap.