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The Ministry of Mines has reported a positive start to the fiscal year 2024-25, with an increase in key mineral and aluminium metal output in April 2024 in India. It comes after the record-breaking output levels in FY 2023–2024.
According to the Ministry of Mines, in FY 2023–2024, iron ore and limestone production reached previously unheard—of levels. Together, they make up over 80% of all mineral production by value under the Mines and Minerals (Development and Regulation) Act.
Iron ore production was 277 million metric tonnes (MMT), while limestone production amounted to 450 MMT. Production of these minerals continued to increase in April 2024. Iron ore production grew by 4%, from 25 MMT in April 2023 to 26 MMT in April 2024.
Similarly, limestone production rose from 38.5 MMT in April 2023 to 39.3 MMT in April 2024, reflecting a 2.1 per cent increase.
In the non-ferrous metal sector, India achieved record primary aluminium production of 4.16 million tonnes (MT) in FY 2023-24. This growth trajectory has continued into the current fiscal year, with aluminium production in April 2024 reaching 342,000 tonnes, slightly up from 339,000 tonnes in April 2023, representing a 1% increase.
India’s standing in the global minerals market is significant. It is the second-largest producer of aluminium, the third-largest producer of limestone, and the fourth-largest producer of iron ore.
The continued increase in production of iron ore and limestone indicates robust demand from the steel and cement industries. Along with the growth in aluminium production, these trends suggest sustained economic activity in critical sectors such as energy, infrastructure, construction, automotive, and machinery.
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