Mineral Production in the Country Grows by 5.9% During January 2024

Mineral Production in the Country Grows by 5.9%

January 2024 Mineral Production Growth:

  • The index of mineral production in January 2024 was 144.1, up by 5.9% from January 2023.
  • Notable increases were seen in magnesite (90.1%), copper concentrate (34.2%), and coal (10.3%).
  • Limestone and bauxite also showed growth, at 10% and 9.8%, respectively.
  • However, gold (-23.4%), chromite (-35.2%), and phosphorite (-44.4%) experienced declines.

Cumulative Growth (April 2023 – January 2024):

  • The cumulative growth over the same period in the previous fiscal year was 8.3%.
  • This indicates a consistent upward trend in mineral production in India.
  • The production levels of key minerals like coal, lignite, natural gas, and crude petroleum remained significant.

Industrial Impact:

  • Mineral production growth is a reflection of the robust health of the industrial sector in India.
  • The growth in mineral production contributes significantly to the overall industrial growth of the country.

Production Levels of Important Minerals (January 2024):

  • Coal: 998 lakh tonnes
  • Lignite: 41 lakh tonnes
  • Natural Gas (Utilized): 3073 million cubic meters
  • Petroleum (Crude): 25 lakh tonnes
  • Bauxite: 2426 thousand tonnes
  • Chromite: 251 thousand tonnes
  • Copper Concentrate: 12.6 thousand tonnes
  • Gold: 134 kg
  • Iron Ore: 252 lakh tonnes
  • Lead Concentrate: 34 thousand tonnes
  • Manganese Ore: 304 thousand tonnes
  • Zinc Concentrate: 152 thousand tonnes
  • Limestone: 394 lakh tonnes
  • Phosphorite: 109 thousand tonnes
  • Magnesite: 13 thousand tonnes

Positive Growth in Important Minerals (January 2024 vs. January 2023):

  • Magnesite: 90.1%
  • Copper Concentrate: 34.2%
  • Coal: 10.3%
  • Limestone: 10%
  • Bauxite: 9.8%
  • Manganese Ore: 7.8%
  • Natural Gas (Utilized): 5.5%
  • Lead Concentrate: 5.2%
  • Iron Ore: 4.3%
  • Lignite: 3.6%
  • Zinc Concentrate: 1.3%
  • Petroleum (Crude): 0.7%

Negative Growth in Important Minerals (January 2024 vs. January 2023):

  • Gold: -23.4%
  • Chromite: -35.2%
  • Phosphorite: -44.4%

 

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