Key Market Indicators
Sri Lankan metal imports are set to reach 1.8 million metric tons by 2026, according to data from 1975. The country was the 85th largest importer in 2021, with 1.5 million metric tons. Tanzania overtook it with 1.5 million metric tons. Japan, South Korea and Germany were the top three importers, according to the ranking. Year-on-year, Sri Lankan demand for metal increased by an average of 3.2%, while the projected growth rate for the period 2021-2026 is 2.2%.
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Basic Precious and Non-ferrous Metals: Unfolding Market Trends and Prospective Developments
The global market for basic precious and non-ferrous metals has been experiencing elevated volatility, primarily driven by the flux in international trade dynamics and supply-demand imbalances. Limited resource availability and geopolitical instabilities could also be factored in, distorting the traditionally established market trends.
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Exploration Into the Rare Earth Market: Opportunities, Challenges and Sector Outlook
The Rare Earth market holds a host of opportunities, largely driven by powerful trends in technology and energy. With rare earth elements (REEs) acting as essential components in a diverse range of applications, from electric vehicles to wind turbines, demand for REEs is set to grow. Additionally, as nations strive...
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Basic Precious and Non-Ferrous Metals: Unveiling Global Market Trends and Insights
Market dynamics within the realm of precious and non-ferrous metals are deeply convoluted by factors such as supply, demand, and geopolitical activities. It's noteworthy that rare metals, like gold and silver, are witnessing bolstered demand due to their considerable consumer value and industrial applications. On the non-ferrous front, likely contributors...
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Non-Ferrous Castings: Unveiling Key Industry Opportunities and Forecasts
An examination of various industries reveals a trending inclination towards non-metallic molds due to several factors. Industries such as automotives, aerospace, marine and power generation are enhancing their reliance on non-ferrous castings, citing their high corrosion resistance, high thermal resistance, and extensive ductility as key attractions. Technological advancements in these...
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