India’s Mineral and Non-Ferrous Metal Production Shows Strong Growth in FY 2024-25

The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure.

Surge in Mineral Production Continues

India’s iron ore production, which is a cornerstone of its mining sector, accounted for 69% of the total mineral production by value. Iron ore production has increased from 177.2 million metric tonnes (MMT) in FY 2023-24 (April-November) to 182.6 MMT in FY 2024-25 (April-November), marking a growth of 3%.

In addition, there has been a notable rise in the production of other minerals. Manganese ore production has climbed 9.5%, reaching 2.3 MMT, while chromite production has increased by 11.1% to 2.0 MMT. Bauxite production, another key mineral, also saw a healthy rise of 8.9%, reaching 15.9 MMT in the current fiscal year.

Growth in Non-Ferrous Metal Sector

The non-ferrous metal sector also saw positive momentum, with primary aluminium production showing a 1.1% growth, increasing to 27.91 lakh tonnes (LT) from 27.60 LT during the same period last year. Refined copper production, in particular, posted a significant growth of 9.2%, rising to 3.45 LT from 3.16 LT.

India has cemented its position as the second-largest aluminium producer globally, and it ranks among the top ten producers of refined copper. Continued growth in the 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. 

Conclusion

The consistent growth in the production of key minerals and non-ferrous metals in India reflects the country’s expanding industrial base and the crucial role of India in the global supply chain.

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