In 2023, China's boron minerals production was recorded at 48.97 thousand metric tons. The forecast from 2024 to 2028 shows a consistent decline, with production decreasing from 44.22 thousand metric tons in 2024 to 25.75 thousand metric tons by 2028.
Year-on-year variations indicate a decrease of approximately 10.8% from 2024 to 2025, 11.8% from 2025 to 2026, 13.1% from 2026 to 2027, and 14.8% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is predicted to be -11.1%.
Future trends to watch for include potential fluctuations arising from global demand shifts, technological advancements in extraction, and China's regulatory policies regarding mining and environmental protection. Moreover, the evolving landscape of alternative materials that could impact boron mining should be monitored closely.
