On Thursday, the Ministry of Mines announced that the production of key minerals in India, including iron ore and limestone, continued to show robust growth in the first quarter of FY 2024-25.
In the first quarter (April-June) of FY 2024-25, iron ore production surged to 79 mt, up from 72 mt during the same period in FY 2023-24, marking a 9.7% increase. For the entire FY 2023-24, iron ore production reached 275 mt.
The ministry highlighted India’s status as the second-largest producer of aluminum, the third-largest producer of limestone, and the fourth-largest producer of iron ore globally, underscoring its significant role in the global minerals market. The steady growth in the production of these minerals signals strong demand in key user industries such as steel and cement.
The ministry noted that the increase in production levels across these sectors indicates robust economic activity, driven by demand in related industries including energy, infrastructure, construction, automotive, and machinery. These growth trends in mineral production reflect the ongoing economic momentum and the rising demand for raw materials in India’s industrial sectors.
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