Molybdenum Growth Outlook Revised Downward Due to Automotive and Aerospace Issues

Post Views: 408 Molybdenum Molybdenum Forecast Lowered Amid Industry Challenges The global outlook for molybdenum consumption has been revised downward. While automobile production is expected to grow by 11% by 2033, earlier forecasts had predicted a 30% rise. The automotive sector, once seen as a major driver of demand, is now facing weaker growth. EV Market Slows, Weighing on Molybdenum Demand Electric vehicles (EVs), a key application for molybdenum in batteries and structural materials, are now projected to grow at 21% annually between 2024 and 2027. This is a sharp decline from the 61% an...