In 2023, China's molybdenum production stood at approximately 100.0 thousand metric tons. From 2024 onwards, production is projected to experience modest growth, increasing annually to reach 107.2 thousand metric tons by 2028. The year-on-year growth from 2024 to 2028 is projected to hover around 1.4% annually.
The compound annual growth rate (CAGR) over this forecasted five-year period is estimated to be around 1.4%, indicating steady growth in production.
Future trends to watch for include technological advancements in extraction and processing, the impact of regulatory changes, and global demand shifts for molybdenum, particularly in high-tech and industrial applications which could influence production dynamics.
