New Delhi [India]March 30 (ANI): A slight increase of 0.9 percent in aluminum production was seen, which increased to 38.36 lakh tonnes (LT) during the April-February of the financial year 2024-25, according to provisional data released by the Ministry of Mines.
In the same period last year, the production of aluminum was at 38.00 lakh tonnes, according to government data.
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Meanwhile, in FY 2024-25, the sophisticated copper production rose by 7.1 percent to 4.97 Lt, showing the ministry data.
India ranks among the top 10 producers of sophisticated copper, ranks fourth globally in terms of iron ore production, and aluminum is the second largest producer in the world.
Advanced economies see aluminum as a strategic resource, adopting measures to mold their industries.
For example, the US has imposed a 10 percent tariff on aluminum imports, while China has also added 25 percent of duties on aluminum scrap imports from the US, as well as with additional restrictions.
Despite these trends, India has become the world’s largest importer of aluminum scrap, a development that disrupts the development of its domestic industry.
India’s aluminum demand is estimated to reach 10 million tonnes by 2030, asking for strong measures such as high import duties and anti-dumping security for long-term development of the Aluminum Association of India (AAI), an industry association.
Further, according to government data, the iron ore is 70 percent of the total MCDR mineral production price, with the production of 274 million metric tons (MMT) in FY 2023-24.
Iron ore production has continued to increase in FY 2024-25, increased from 252 mm to 263 MMT in FY 2023-24.
Other major minerals also showed a strong growth, in which manganese ore production increased by 12.8 percent to 3.4 mm, and during the same period bauxite production increased by 3.6 percent to 22.7 mm.
Official data shows that lead concentrate production increased by 3.5 percent, which reached 352 thousand tonnes (THT).
Coupled with an increase in aluminum and copper, these development trends continue to continue strong economic activity in user areas such as energy, infrastructure, construction, motor vehicles and machinery. (AI)
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