Growing mineral production reflects robust demand from industries
India produced 277 million metric tonnes (MMT) of iron ore and 450 MMT of limestone in FY 2023-24, the Ministry of Mines http://mines.gov.in said on 31 May.
Iron ore production https://sifw.sg/ has increased from 25 MMT during April 2023 to 26 MMT during April 2024, with 4% growth https://worldsteel.org/ .
Production of limestone has increased from 38.5 MMT during April 2023 to 39.3 MMT during April 2024, with 2.1% growth https://attentionindia.com/ .
In the non-ferrous metal sector, production of primary Aluminium metal in FY 2023-24 hit record level at 41.6 lakh tonnes (LT) http://steel.gov.in .
In the current financial year, Aluminium http://aluminium-india.org/ production continues to be on a growth track. Aluminium production during April 2024 at 3.42 LT is higher than the 3.39 LT production during April 2023by 1% http://sbi.co.in .
India is the 2nd largest Aluminium producer, 3rd largest lime producer and 4th largest iron ore producer in the world https://www.makeinindia.com/home/ .
The ministry sees continued growth in production of iron ore and limestone https://www.ibef.org/ in the current financial year, reflecting a robust demand in the user industries viz. steel and cement.
Coupled with growth in Aluminium, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery, the ministry said. fiinews.com
