The forecast for US imports of rare-earth metals, specifically scandium and yttrium, indicates a minor but consistent decline from 2024 to 2028. Beginning in 2024 at 418.29 thousand kilograms, the import volume is expected to decrease steadily each year, reaching 413.89 thousand kilograms by 2028. Compared to the previous year’s data, this reflects a modest average annual decline.
Key future trends to monitor include:
- Global supply chain disruptions that could impact rare-earth availability and pricing.
- The influence of technological advancements increasing demand for rare-earth elements in electronics and green technologies.
- Evolving US policies regarding the sourcing and strategic reserves of critical minerals could alter import dynamics.