In 2023, the government stock of chromium metal in the US stood at approximately 3.43 thousand metric tons. The forecasted data from 2024 onwards indicates a steady decline, with a year-on-year decrease of about 2.69% in 2025, 2.76% in 2026, 2.84% in 2027, and 2.60% in 2028. This results in a compound annual growth rate (CAGR) of approximately -2.62% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Global demand fluctuations impacting US stock levels.
- Potential changes in US import/export activities involving chromium.
- Technological advancements and their effects on chromium usage.
- Policy or regulatory changes affecting chromium metal reserves.
