Based on the forecast data, imports of compounds of rare-earth metals (yttrium or scandium) to the UK are expected to decline over the next five years, from 834.68 thousand kilograms in 2024 to 637.78 thousand kilograms in 2028. This indicates a clear downward trend with an average decrease of approximately 5.19% annually over this period.
Notable trends to monitor include global demand for rare-earth metals in updated technology, geopolitical considerations affecting trade, and innovations in recycling and alternative materials. These factors can significantly influence the UK’s reliance on these imports.
