Uzbekistan"s minerals market, particularly in hematite, is witnessing significant activity as the country focuses on optimizing its mineral trade. In 2024, the trade volume for non-agglomerated iron ores and concentrates, specifically hematite, shows a notable pattern. The domestic export and international export of 30 kg each were valued at $2. 0, indicating a steady yet modest export presence. However, the import side reveals a substantial influx with 20,000 kg imported at a value of $21,738, highlighting Uzbekistan"s reliance on foreign hematite to meet its market demand. This import trend underscores a strategic move to bolster the local industry and satisfy domestic consumption by sourcing high volumes internationally. The price points suggest competitive pricing strategies to manage the trade balance efficiently. The dynamic between the current export figures and import volumes indicates room for growth in local production capabilities, potentially offering lucrative opportunities for suppliers and investors.

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