The forecast for the re-import of rare-earth metals, specifically scandium and yttrium, to China indicates a slight decline over the period from 2024 to 2028. In 2024, the projected value is 105.27 thousand USD, decreasing to 103.43 thousand USD by 2028. When considering data from 2023, the trend suggests a continuous and gradual decline with an estimated compound annual growth rate (CAGR) for the five years at a negative rate.
Future trends to watch for:
- Potential policy changes in China regarding rare-earth resource management and environmental concerns.
- Technological advancements that could either reduce demand or increase the efficiency of processing these metals.
- Global market dynamics affecting pricing and availability, particularly geopolitical tensions impacting supply chains.
