In 2023, Brazil imported a certain volume of unwrought or powdered iridium, osmium, and ruthenium. This volume is forecasted to increase steadily from 54.94 kilograms in 2024 to 61.11 kilograms in 2028, indicating a consistent annual rise. Between 2024 and 2028, the projected compound annual growth rate (CAGR) is expected to be fairly modest, reflecting a steady but not rapid increase. This reflects a demand sustained by specific industrial applications within Brazil.
Future trends to watch include potential technological advancements that could elevate demand, shifting global supply chain dynamics that might affect availability and pricing, and Brazil's industrial policy that might incentivize local alternatives or increase import needs.
