India’s Mineral Production Sees Strong Growth

India’s key mineral production continues strong growth in FY 2024-25 (April-February). This follows record production levels in FY 2023-24. Iron ore accounts for 70% of total MCDR mineral production by value. Iron ore production was 274 million metric tonnes (MMT) in FY 2023-24.

Iron Ore and Related Mineral Production

Iron ore production increased to 263 MMT in FY 2024-25 (April-February). It was 252 MMT in the same period of FY 2023-24. This shows a 4.4% growth.

* Manganese ore production rose by 12.8%. It reached 3.4 MMT in FY 2024-25 (April-February). It was 3.0 MMT in the corresponding period of the previous year.

* Bauxite production increased by 3.6%. It reached 22.7 MMT in FY 2024-25 (April-February). It was 21.9 MMT in the same period of FY 2023-24.

* Lead Concentrate production rose by 3.5%. It reached 352 THT in FY 2024-25 (April-February). It was 340 THT in the same period of FY 2023-24.

Non-Ferrous Metal Production

Primary aluminium production grew by 0.9% in FY 2024-25 (April-February). It increased to 38.36 lakh tonnes (LT). It was 38.00 LT in the corresponding period last year.

Refined copper production also grew by 7.1%. It increased from 4.64 LT to 4.97 LT.

India’s Global Mineral Production Standing

India is the second-largest aluminium producer globally. Moreover, it is among the world’s top 10 refined copper producers and iron ore producers.

Continued iron ore production growth reflects robust demand from the steel user industry. Aluminium and copper growth also indicate strong economic activity in sectors like energy, infrastructure, construction, automotive, and machinery.

India’s mineral sector shows consistent growth, reflecting strong industrial demand. Iron ore, aluminium, and copper production increases signal robust economic activity, supporting key sectors like infrastructure and automotive.

Conclusion

India’s mineral industry is witnessing steady growth. This is being driven by strong industrial demand. The rising production of key minerals like aluminum, iron ore, and copper indicates a thriving economy. This, in turn, is crucial for driving growth in sectors like infrastructure and automotive.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.