In a remarkable continuation of its growth trajectory, India’s mineral production has shown robust performance in the current fiscal year (FY 2024-25). Following unprecedented levels achieved in FY 2023-24, key minerals, particularly iron ore, are on an upward trend, reflecting the nation’s strong industrial demand.
Iron Ore Production Surges
Iron ore, which constitutes a significant 70% of the total value of mineral production under the Mineral Conservation and Development Rules (MCDR), reported an impressive output of 263 million tonnes (MT) from April to February in FY 2025. This figure marks a 4.4% increase compared to 252 MT during the same timeframe last year, based on provisional government statistics.
- FY 2024 Total Production: 274 MT
Growth in Other Key Minerals
Manganese ore has also shown significant growth, with production climbing 12.8% to 3.4 MT in the current fiscal year, up from 3 MT in the previous year. Bauxite production followed suit, achieving a 3.6% increase to 22.7 MT, compared to 21.9 MT in FY 2024.
Non-Ferrous Metals on the Rise
Official reports indicate that lead concentrate production rose by 3.5%, reaching 352 thousand tonnes (THT) during the first eleven months of FY 2025. The non-ferrous metals sector is thriving as well, with primary aluminium production increasing by 0.9% to 38.36 lakh tonnes (LT), up from 38.00 LT in FY 2024. Refined copper production experienced a remarkable 7.1% surge, climbing from 4.64 LT to 4.97 LT.
India’s Global Standing
India continues to cement its position as a major player in the global mineral landscape. It ranks as the second-largest producer of aluminium, among the top ten producers of refined copper, and holds the title of the fourth-largest iron ore producer worldwide.
Driving Factors Behind Production Growth
The ongoing growth in iron ore production is largely attributed to the robust demand from the steel industry, as noted by government officials. “The increase in aluminium and copper production highlights sustained economic activity in essential sectors such as energy, infrastructure, construction, automotive, and machinery,” they remarked.
Government Initiatives for Mineral Production
To further lessen import reliance, the Indian government is actively encouraging domestic production of vital minerals. This strategy includes auctioning critical mineral blocks to both private and public sector enterprises, aimed at enhancing exploration and production activities across the country.
In summary, the upward trajectory of mineral production in India not only underscores the resilience of its mining sector but also signals positive trends for various industries reliant on these resources. As the government continues to foster growth in this vital area, India’s role in the global minerals market is poised to expand even further.
