Strong Growth in Key Mineral Production for FY 2024-25: What You Need to Know?

India is the world’s 2nd largest producer of aluminium, ranks among the top 10 producers of refined copper, and is the 4th largest iron ore producer globally. Production of key minerals in India has experienced strong growth during FY 2024-25 (April-January), following record production levels in FY 2023-24.

Iron Ore Production

Iron ore, which accounts for 70% of the total MCDR mineral production by value, continues to be a significant contributor. The production of iron ore reached 274 million metric tonnes (MMT) in FY 2023-24. Provisional data indicates a growth in iron ore production from 228 MMT in FY 2023-24 (April-January) to 236 MMT in FY 2024-25 (April-January), reflecting a healthy 3.5% increase.

Growth in Other Key Minerals

• Manganese Ore: The production of manganese ore has risen by 11.1%, increasing to 3.0 MMT in FY 2024-25 (April-January) from 2.7 MMT during the same period last year.
• Chromite: Chromite production has seen a growth of 8.7%, rising to 2.5 MMT in FY 2024-25 (April-January) from 2.3 MMT in the corresponding period of the previous year.
• Bauxite: Bauxite production has increased by 5.6%, reaching 20.6 MMT in FY 2024-25 (April-January) from 19.5 MMT in FY 2023-24 (April-January).

Non-Ferrous Metal Sector Growth

• Aluminium: Primary aluminium production in FY 2024-25 (April-January) grew by 1.2%, reaching 35.10 lakh tons (LT) from 34.67 LT in FY 2023-24 (April-January).
• Copper: Refined copper production saw a significant increase of 7.4%, growing from 4.19 LT to 4.50 LT during the same period.

Conclusion

The continued growth in iron ore production this financial year highlights strong demand from industries such as steel. Along with the increase in aluminium and copper production, these trends suggest ongoing economic activity and growth in sectors like energy, infrastructure, construction, automotive, and machinery.

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