As of 2023, US rhenium production stood at approximately 8.10 thousand kilograms. Forecasted data from 2024 to 2028 indicate a gradual increase in production, projecting values from 8.14 to 8.33 thousand kilograms. The year-on-year growth from 2024 to 2025 is expected to be marginal at approximately 0.61%, with similar slight annual increases through 2028, showcasing a consistent but modest upward trend.
The compound annual growth rate (CAGR) for rhenium production over the five-year period is approximately 0.54%, indicating steady but slow growth. This increase aligns with expected demand from aerospace and industrial sectors, both of which heavily depend on high-temperature alloys containing rhenium.
Future trends to watch include potential advancements in recycling technology and substitution materials, which might impact primary rhenium production and supply chains. Additionally, any geopolitical developments affecting mining operations could influence future output levels.
