Canada Copper Scrap Market Size & Outlook, 2026-2033
Global Market
Related Markets
Canada copper scrap market highlights
- The Canada copper scrap market generated a revenue of USD 498.9 million in 2025 and is expected to reach USD 944.4 million by 2033.
- The Canada market is expected to grow at a CAGR of 8.6% from 2026 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2025.
- Old Scrap is the most lucrative feed material segment registering the fastest growth during the forecast period.
Copper scrap market data book summary
| Market revenue in 2025 | USD 498.9 million |
| Market revenue in 2033 | USD 944.4 million |
| Growth rate | 8.6% (CAGR from 2026 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Old Scrap, New Scrap |
| Key market players worldwide | Aurubis AG, Commercial Metals Co, Glencore PLC, OmniSource Corporation, Ames Copper Group, Jain Metal Group |
Other key industry trends
- In terms of revenue, Canada accounted for 1.3% of the global copper scrap market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. copper scrap market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 14,983.1 million by 2033.
The Canadian government is focusing on new light-duty vehicle sales to be electric to 100% by 2035. Due to this, the government has introduced various incentives and initiatives to increase the adoption of EVs in the country. For instance, the Zero-Emission Vehicles (iZEV) Program provides incentives to consumers and encourages the purchase of EVs.
Hence, additional ELVs are expected to be generated, hence increasing the scrap availability in the country. Hence, Canada is a net producer and exporter of copper scrap. There is adequate availability of scrap in the domestic market. Most scrap is exported to countries such as the U.S. and Canada.
The domestic scrap price has been steadily increasing due to consistent demand from foundries that cater to construction industry. Factors such as currency fluctuations (the U.S. dollar versus the Canadian dollar) have played a significant role in the higher volume of scrap exports.
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Publish Date: Mar 25, 2026
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | www.omnisource.com/ |
| Glencore PLC | View profile | 83,426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | www.glencore.com |
| Aurubis AG | View profile | 7,305 | Hovestrasse 50, Hamburg, BY, Germany, 20539 | www.aurubis.com |
| Ames Copper Group | View profile | 51-100 | Shelby, North Carolina, United States, North America | www.amescoppergroup.com |
| Jain Metal Group | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | jainmetalgroup.com |
Canada Copper Scrap Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Copper Scrap Market Outlook will help companies and investors design strategic landscapes.
New Scrap was the largest segment with a revenue share of 89.46% in 2025.
Horizon Databook has segmented the Canada copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
The Canadian government is focusing on new light-duty vehicle sales to be electric to 100% by 2035. Due to this, the government has introduced various incentives and initiatives to increase the adoption of EVs in the country. For instance, the Zero-Emission Vehicles (iZEV) Program provides incentives to consumers and encourages the purchase of EVs.
Hence, additional ELVs are expected to be generated, hence increasing the scrap availability in the country. Hence, Canada is a net producer and exporter of copper scrap. There is adequate availability of scrap in the domestic market. Most scrap is exported to countries such as the U.S. and Canada.
The domestic scrap price has been steadily increasing due to consistent demand from foundries that cater to construction industry. Factors such as currency fluctuations (the U.S. dollar versus the Canadian dollar) have played a significant role in the higher volume of scrap exports.
- Canada Copper Scrap Market Feed Material Outlook (Revenue, USD Million , 2021-2033)
- Old Scrap
- New Scrap
- Canada Copper Scrap Market Scrap Grade Outlook (Revenue, USD Million , 2021-2033)
- Bare Bright
- #1 Scrap Copper
- #2 Scrap Copper
- Other Scrap Grade
- Canada Copper Scrap Market Application Outlook (Revenue, USD Million , 2021-2033)
- Wire Rod Mills
- Brass Mills
- Ingot Makers
- Foundries & Other Industries
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Copper Scrap Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Copper Scrap Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Copper Scrap Market, 2021-2033 (US$M)
Canada Feed Material - Copper Scrap Market Statistics, 2025 - 2033 (US$M)
