Forecast: Energy Consumption in Mining and Processing of Non-Ferrous Metal Ores in China

The energy consumption for mining and processing non-ferrous metal ores in China was 1.41 in 2023. Projected consumption shows a consistent upward trend from 2024 to 2028, increasing from 1.44 to 1.62 ten million tons of standard coal equivalent. The year-on-year growth ranges between 3.2% to 3.4%, highlighting a steady increase in energy demand. The compound annual growth rate (CAGR) for these five years stands at approximately 2.9%, reflecting a stable growth trajectory.

Future trends to watch for:

• Technological advancements in mining efficiency and energy reduction techniques.
• Impact of China's energy transition policies on industry energy consumption.
• Potential fluctuations in global metal demand affecting mining activities.