In 2023, China's import of molybdenum ores and concentrates except roasted stood at approximately 17 million kilograms. The forecasted data from 2024 to 2028 suggest a steady increase, with a compound annual growth rate (CAGR) of around 2.54%. Year-on-year growth is projected at approximately 2.7% from 2024 to 2025, and a similar pattern continues through 2028, reflecting consistent demand in the sector.
Future trends to watch for include:
- The impact of global molybdenum supply chain dynamics and geopolitical shifts.
- China's domestic industrial policies and environmental regulations potentially influencing imports.
- Technological advancements and efficiency improvements in industries utilizing molybdenum.
- Alternative sources or substitutes that could affect the demand for molybdenum.