India is the 2nd Largest Aluminium Producer in the World
Context:
India has continued to show robust growth in the production of key minerals and non-ferrous metals in the first quarter (Q1) of the fiscal year 2024-25. This growth follows record production levels in the fiscal year 2023-24, highlighting the country’s strong mineral production capabilities and its significant position in the global market.
Relevance:
GS-01 (Geography)
Key Highlights:
- Mineral Production Growth:
- Iron ore production increased by 9.7% from 72 million metric tons (MMT) in Q1 FY 2023-24 to 79 MMT in Q1 FY 2024-25.
- Limestone production rose by 1.8% from 114 MMT in Q1 FY 2023-24 to 116 MMT in Q1 FY 2024-25.
- Manganese ore production increased by 11% from 0.9 MMT in Q1 FY 2023-24 to 1.0 MMT in Q1 FY 2024-25.
- Aluminium Production Growth:
- Primary aluminium production grew by 1.2%, from 10.28 lakh tons (LT) in Q1 FY 2023-24 to 10.43 LT in Q1 FY 2024-25.
- India is the 2nd largest producer of aluminium in the world.
Global Rankings:
- India is the 2nd largest producer of aluminium.
- India is the 3rd largest producer of limestone.
- India is the 4th largest producer of iron ore.
Significance:
- Economic Activity: The continued growth in mineral production, especially iron ore, limestone, and aluminium, indicates strong demand in user industries such as steel, cement, energy, infrastructure, construction, automotive, and machinery.
- Global Position: India’s significant rankings in the global production of aluminium, limestone, and iron ore underscore its importance in the global mineral and metal markets.
- Industrial Growth: The robust production growth supports the development and expansion of key industrial sectors, contributing to overall economic growth.
- Supply Chain Stability: Increased production levels help ensure a stable supply of critical raw materials for various industries, enhancing India’s industrial capabilities and economic resilience.
