India Rises to Top Ranks in Global Mineral Production

India achieved record-breaking mineral production in FY 2023-24, with iron ore and limestone accounting for 80% of total MCDR mineral production. Key minerals showed strong growth in Q1 FY 2024-25.

India's Global Standing in Mineral Production

India has solidified its position as a global leader in mineral production.
Ranked as the 2nd largest Aluminium producer worldwide.
3rd largest lime producer globally.
4th largest iron ore producer in the world.
These rankings highlight India's significant contribution to the global mineral industry.

Record-Breaking Mineral Production in FY 2023-24

India achieved unprecedented levels of mineral production in fiscal year 2023-24.
Iron ore and limestone accounted for 80% of total MCDR mineral production by value.
Iron ore production reached 275 million metric tons (MMT).
Limestone production hit 450 million metric tons (MMT).
These figures indicate robust demand from industries relying on these raw materials.

Continued Growth in Q1 FY 2024-25

Key minerals showed strong growth in the first quarter of FY 2024-25.
Iron ore production increased from 72 MMT to 79 MMT, a 9.7% growth compared to Q1 FY 2023-24.
Limestone production rose from 114 MMT to 116 MMT, showing 1.8% growth.
Manganese ore production jumped by 11% to 1.0 MMT from 0.9 MMT year-over-year.
Primary aluminium production grew by 1.2%, reaching 10.43 lakh tons in Q1 FY 2024-25.

Economic Implications and Industry Demand

Continued growth in iron ore and limestone production reflects robust demand in user industries.
Steel and cement sectors show strong consumption of these minerals.
Growth trends in aluminium, iron ore, and limestone production indicate strong economic activity in various sectors.
Key user sectors benefiting from mineral production growth include:

a) Energy b) Infrastructure c) Construction d) Automotive e) Machinery

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