Silicomanganese production in Australia stood at 113.03 thousand metric tons in 2023. Over the past decade, production levels have largely stabilized, showing minimal variation. Notably, production experienced a significant dip in 2020 before rebounding in 2021. Year-on-year growth has been modest from 2018 onwards, with slight increases each year.
The average variation per year over the last five years (2019-2023) shows a CAGR of approximately 0.059%. Moving into the forecasted period up to 2028, the production is expected to grow at a modest average annual rate of 0.05%.
Future trends to watch for:
- Potential impacts of global market conditions on production levels.
- Technological advancements in silicomanganese production.
- Australian government policies affecting the minerals and mining sector.
