The import of molybdenum ores and concentrates to the US in 2023 was at 21.3 million kilograms. Forecasts indicate a steady year-on-year increase in import volumes from 2024 to 2028, with values reaching 24.669 million kilograms by 2028. The compound annual growth rate (CAGR) for the 2024-2028 period is estimated around 3%.
Trends to watch for include:
- Potential supply chain disruptions and how they might affect the import dynamics.
- Technological advancements that could alter demand for molybdenum.
- Geopolitical factors impacting trade policies and relations.
- Environmental regulations influencing mining and processing of molybdenum ores.