New Delhi, March 30 (IANS). The Ministry of Mines said on Sunday that the production of major minerals like iron ore, manganese ore, bauxite and lead in the country has also increased rapidly in FY 2024-25 after reaching record level in FY 2023-24.
Official data stated that the production of iron ore, which is 70 percent of the total mineral production according to the value, has increased to 263 million metric tons (MMT) during the April-February of FY 2024-25, it was 252 MMT in the same period of FY 2023-24, which shows an increase of 4.4 percent in the same period of FY 2023-24.
The production of iron ore in the entire financial year 2023-24 was 274 million metric tons (MMT).
In FY 2024-25 (April-February), manganese ore production increased from 3.0 MMT to 12.8 percent to 3.4 MMT in the same period last year, while bauxite production has also increased 3.6 percent during the first 11 months of the current financial year, to 22.7 MMT, which was 21.9 MMT in the same period of FY 2023-24.
At the same time, the production of lead has increased by 3.5 percent to 3.52 lakh tonnes during the April-February period of FY 2024-25, which was 3.4 lakh tonnes in FY 2023-24.
In the 11 months of FY 2024-25, primary aluminum production increased by 0.9 percent to 38.36 lakh tonnes in the 11 months of FY 2024-25, which was 38.00 lakhs in the same period of FY 2023-24.
During the review period, the production of refined copper has increased by 7.1 percent to 4.64 lakh tonnes to 4.97 lakh tonnes.
India is the second largest aluminum producer in the world, one of the top-10 producers of refined copper and the fourth largest iron ore in the world.
The continuous increase in production of iron ore in the current financial year shows strong demand in steel, which is the industry using these metals.
-IANS
ABS/
