 "Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.")
India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ore is vital, accounting for around 70% of the country’s mineral production value. Alongside iron ore, primary aluminium and refined copper production also rose, indicating strong economic activity in key sectors like energy, construction, and automotive. This growth trend reflects robust demand in industries that heavily rely on these essential minerals.
Title: Iron Ore and Manganese Production on the Rise in India
Iron Ore | Image: Shutter Stock
Last Updated: September 28, 2024, 7:27 PM IST
India has seen impressive growth in iron ore and manganese ore production during the fiscal year from April to August 2024. According to data from the mines ministry, iron ore output increased by 7.4 percent, reaching 116 million tonnes, compared to 108 million tonnes during the same period last year.
Additionally, manganese ore production also surged, jumping by 15.4 percent to 1.5 million tonnes, up from 1.3 million tonnes in the previous fiscal year. This positive trend is significant, considering iron ore alone accounts for roughly 70 percent of the total mineral production value in the country.
In the non-ferrous metal sector, the production of primary aluminium rose slightly to 1.749 million tonnes during the same period, while refined copper production grew by 5.8 percent, increasing from 1.91 million tonnes to 2.02 million tonnes.
India’s strong performance as the second-largest aluminium producer and the fourth-largest iron ore producer globally reflects robust demand from key industries such as steel, energy, infrastructure, construction, and automotive. These growth figures indicate a healthy economic activity level in these sectors, suggesting positive prospects for the ongoing fiscal year.
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
What is the recent change in India’s iron ore output?
India’s iron ore output increased by 7.4%, reaching 116 million tonnes from April to August.
Why is the rise in iron ore production important?
The rise in production is important because it helps support the steel industry and boosts the economy.
Which state in India produces the most iron ore?
Odisha is the leading state in India for iron ore production.
How does increased iron ore output affect steel prices?
Higher iron ore output can lead to lower steel prices due to increased supply, making steel more affordable.
What are the main uses of iron ore?
Iron ore is mainly used to make steel, which is essential for construction, manufacturing, and various industries.
