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

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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