Iron Ore Debts For 70% Of Overall Mineral Production Reach 274 MMT In FY 2023-24.
New delhi [India], The iron ore debts are 70% in keeping with the overall MCDR mineral manufacturing by means of value, with production attaining 274 million metric tonnes (MMT) in FY 2023-24.
In keeping with provisional records released with the aid of the Ministry of Mines, iron ore production has endured to rise in FY 2024-25, growing by way of four point four percent from 252 MMT in FY 2023-24 to 263 MMT.
Different key minerals also showed a robust boom, with manganese ore production growing by 12.8 percent to 3.4 MMT, and bauxite manufacturing increasing by way of 3.6 percent to 22.7 MMT in the course of the same length.
The legitimate statistics show that the lead pay attention manufacturing grew via three point five percent, achieving 352 thousand tonnes (THT).
In the non-ferrous metal zone, number one aluminum manufacturing saw a modest growth of zero. nine percent, rising to 38.36 lakh tonnes (LT), even as refined copper manufacturing grew by way of 7.1 in line with four.ninety-seven LT in FY 2024-25.
These figures reflect a preserved wonderful trend in India's mineral manufacturing. The boom additionally underlines the rising demand for manganese, in particular for steel and alloy manufacturing.
The enduring increase in the manufacturing of iron ore in the modern monetary 12 months displays the robust demand conditions within the consumer enterprise, viz., metallic, the Mines Ministry said.
Coupled with an increase in aluminum and copper, these increased traits factor in the direction of enduring robust economic activity in consumer sectors such as energy, infrastructure, construction, automobiles, and equipment.
These advantageous manufacturing traits in key minerals indicate strong financial pastime throughout several consumer sectors, including power, infrastructure, creation, cars, and equipment.
India holds a distinguished position in the worldwide mineral panorama, being the fourth-biggest iron ore producer and a key player inside the aluminum and copper markets.
India is the 2nd largest aluminum manufacturer, many of the top 10 producers of subtle copper, and the 4th biggest iron ore manufacturer in the world.
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