In 2023, electricity consumption in smelting and pressing of non-ferrous metals in China stood at a lower baseline compared to forecasted values. From 2024 to 2028, forecasts indicate a steady annual increase in consumption. Year-on-year growth is expected at approximately 3.8% in 2025, 3.64% in 2026, 3.40% in 2027, and 3.39% in 2028. The compound annual growth rate (CAGR) over the forecast period of 5 years is estimated to be about 3.52%.
Future trends to watch for include:
- The impact of China's energy policies on the non-ferrous metals industry.
- Technological advancements leading to more energy-efficient processes.
- Global demand shifts for non-ferrous metals that may alter production dynamics.
- Environmental regulations influencing energy consumption patterns.
