India’s iron ore production in April-February period of the
current fiscal rose by 4.4 per cent to 263 million tonne (MT) as compared to
252 MT in the same period last year. Iron ore accounts for 70 per cent of the
total mineral production by value.
Manganese ore production increased 12.8 per cent to 3.4 MT
in April-February FY25 from 3 MT during the corresponding period of previous
year. Bauxite output rose by 3.6 per cent to 22.7 MT in the period from 21.9 MT
a year ago.
In the non-ferrous metal sector, primary aluminum production
in April- February FY25 rose 0.9 per cent over the corresponding period last
year. India is the second largest aluminum producer, among top ten producers in
refined copper and fourth largest iron ore producer in the world. Continued
growth in production of iron ore in the current financial year reflects the
robust demand conditions in the user industry viz. steel.
Source Ace Equity
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