In 2023, China's Business Enterprise R&D Expenditure in the manufacture of basic precious and other non-ferrous metals, and the casting of non-ferrous metals stood at 56.10 billion Yuan Renminbi. The forecast for 2024 through 2028 shows a steady year-on-year increase, with values rising from 57.97 billion in 2024 to 65.41 billion in 2028, averaging a compound annual growth rate (CAGR) of approximately 3% over the five-year period.

Future trends to watch for include:

Increased focus on sustainable and environmentally friendly technologies.
Potential impacts of global economic shifts on raw material costs and R&D budgets.
Evolving regulatory environments influencing R&D direction and innovation.