New delhi: India’s Aluminum Production Saw a Slight Increase of 0.9 per cent in the April-February Period of fy 2024-25 and reacted 38.36 Lakh tonnes (Lt), according to provide from the minisstry. This is a small risk compared to 38.00 lt produced during the same period last year.
Last Year, Aluminum Production Stood at 38.00 Lakh Tonnes, According to Government Data. Meanwhile, Refined Copper Production Saw A 7.1 per cent risk, Reaching 4.97 lt in fy 2024-25, as per the ministry of mines.
India is among the top 10 producers of refined copper, ranks fourth globally in iron ore production, and is the second-largest aluminum producer in the world. Recognizing aluminum as a strategic resource, many advanced economies have implemented measures to protect their domestic industry.
The us has imposed a 10 per cent tariff on aluminum imports, while china has set 25 per cent duties on aluminum scrap imports from the US, Along with additional restrictions. Despite these global measures, India has become the world’s largest importer of aluminum scrap, which poses challenges to the growth of its domestic aluminum industry.
With India’s aluminum demand expected to Reach 10 Million Tonnes by 2030, The Aluminum Association of India (AAI) has been urging the government to introduce higher import duties and anti-dumping meas Support the industry’s long-term growth.
Going further, as per the government data, iron ore accounts for 70 per cent of the total MCDR Mineral Production by value, with production reaching 274 Million METRIC TONNES (MMT) in fy 2023-24. Iron Ore Production Has Continued to Rise in FY 2024-25, Growing by 4.4 per cent from 252 mmt in fy 2023-24 to 263 mmt.
Other Key Minerals also showed strong strong growth, with manganese oore production by 12.8 per cent to 3.4 mmt, and bauxite production increasing by 3.6 perment to 22.7 mmt During the Same Period. The official data shows tha the lead concentrate production grew by 3.5 per cent, Reaching 352 Thouse Tonnes (Tht).
Coupled with Growth in Aluminum and Copper, these growth trends points Continued Strong Economic activity in user sector sector such as energy, infrastructure, constructure and MACHINERRI. (With ani inputs)