The forecasted gasoline consumption in the mining and processing of non-ferrous metal ores in China indicates a steep decline from 2024 to 2028. In 2023, gasoline consumption stood at 1,020 ten metric tons. Year-on-year variations show a decrease of around 24% in 2025, 30% in 2026, 45% in 2027, and a drastic 83% by 2028. The Compound Annual Growth Rate (CAGR) for this period (2024-2028) highlights a significant average yearly decline.
Future trends to watch:
- Transition towards cleaner energy alternatives, impacting the decline in gasoline usage.
- Technological advancements in mining processes that may lower energy consumption.
- Potential regulatory changes aiming to reduce carbon emissions in the mining sector.