India’s Mineral Production Sees Robust Growth in FY 2024- 25

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Source:PIB

Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

November 2024 : Production of key minerals in the country has continued to witness strong growth during FY 2024-25, after reaching record production levels in FY 2023-24. Iron ore account for about 70 percent of the total MCDR mineral production by value. Production of iron ore was 274 million metric tonne (MMT) in FY 2023-24.

As per provisional data, production of iron ore has increased from 128 MMT in FY 2023-24 (April-September) to 135 MMT in FY 2024-25 (April-September), showing a healthy 5.5 percent growth. Production of manganese ore has risen by 6.2 percent to 1.7 MMT in FY 2024-25 (April-September) from 1.6 MMT during the corresponding period of previous year.

In the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April-September) posted a growth of 1.2 percent over the corresponding period last year, increasing to 20.90 lakh ton (LT) in FY 2024-25 (April-September) from 20.66 LT in FY 2023-24 (April-September). During the same comparative period, refined copper production has grown by 4.6 percent from 2.39 LT to 2.50 LT.

India is the 2nd largest aluminium producer, among top-10 producer in refined copper and 4th largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.