In 2023, the stocks of Red Brass at smelters, refiners, and ingot makers in the US stood at 1.23 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady decline in stocks, with a year-on-year decrease ranging from approximately 2.5% to 2.7%. Over the five-year period, the compound annual growth rate (CAGR) reflects an average annual decrease of around 2.5%.
Future trends to watch for include:
- Potential impacts of changes in demand for Red Brass in various industries, such as plumbing and electrical applications.
- Shifts in export and import policies in the US and its trading partners, affecting Red Brass availability.
- Technological advancements in recycling and recovery processes that could influence stock levels.