Powder Metallurgy Market to Hit Valuation of US$ 10.2 Billion By 2033 | Astute Analytica [Yahoo! Finance]
IperionX Limited - American Depositary Share (IPX)
Company Research
Source: Yahoo! Finance
industry's relentless drive for lighter, stronger parts that push vehicle efficiency and performance, and the aerospace sector's quest for materials that soar in durability and high-performance under extreme conditions. Chicago, Sept. 09, 2025 (GLOBE NEWSWIRE) -- The global powder metallurgy market was valued at US$ 2.9 billion in 2024 and is expected to reach US$ 10.2 billion by 2033, growing at a CAGR of 14.9% during the forecast period 2025–2033. The stability and growth of the powder metallurgy market are intrinsically linked to the supply and cost of raw metal powders. Cobalt, a critical element, serves as a key market indicator. In the first half of 2024, China's CMOC Group produced 54,024 tons of cobalt metal, with its annual guidance for 2024 set between 60,000 and 70,000 tons. Heading into 2025, the refined cobalt market is anticipated to have a surplus of 27,000 metric tons, a factor that could influence pricing and supply strategies for manufacturers. Understanding thes
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