Forecast: Electricity Consumption in Mining and Processing of Ferrous Metal Ores in China

The electricity consumption in mining and processing of ferrous metal ores in China is projected to rise annually from 482.32 hundred million kilowatthours in 2024 to 509.53 in 2028. Compared to 2023, this represents a sign of steady increase in energy demand aligned with economic activities. From 2024 to 2028, the average annual growth rate (CAGR) is expected to be around 1.4%.

Future trends to watch for include:

  • Technological advancements and energy-efficient processes in mining operations.
  • Potential government regulations aimed at reducing carbon emissions, possibly impacting energy consumption patterns.
  • Fluctuations in global demand for ferrous metal ores, driven by changes in industrial metal usage.

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