The metal sector in India has a long history. It dates back to ancient times and remains vital to the economy even today. For the unaware, the metal sector is primarily related to the extraction (mining) and processing of metals like iron, copper, and gold. This sector supports major industries, such as manufacturing and construction.
Now, if we look at some statistics, India's key metal production has shown steady growth in FY 2024-25. Iron ore and limestone, which make up 80% of the total mineral production value, have increased significantly. Iron ore production rose from 90 million metric tonnes (MMT) to 98 MMT, showing 8.90% growth.
Also, manganese ore production saw a sharp 18.20% rise to 1.3 MMT. In the non-ferrous metal sector, aluminium production grew by 1.30% and reached 13.95 lakh tonnes in FY 2024-25.
Additionally, the metals sector contributes significantly to India's GDP. It also plays a key role in generating employment and boosting foreign exchange through exports. If you are planning to invest in the metal sector, read this comprehensive analysis for better decision-making.