Infrastructure developments and automotive production have led to rapid growth in the Indian metals and mining industry. The South Asian country produced around 95 minerals in recent years. In 2021, nearly 25 million metric tons of bauxite were produced in India. The mineral is primarily used to produce alumina through the Bayer process. It also has its uses in the steel industry, where it is used as a slag corrector to replace fluorite.
Bauxite reserves
As of 2021, India had bauxite reserves of around 660 million metric tons. This meant that the country had a share of over two percent in global bauxite reserves. Public sector mines contributed a share of about 30 percent in total production in 2017. Odisha was the leading state, accounting for almost half of the production.
Minerals in India
In terms of mining and related explorations, foreign directs investments had increased under the automatic route. The wholesale price index of minerals across the country has been on a continual annual growth since 2016. The high quantity of mineral reserves was enough to meet domestic as well as export demands. Export value of minerals from India amounted to nearly 800 million U.S. dollars in 2021. With a contribution of almost a quarter of the country’s GDP in 2010, the mining industry has continued to be a major growth driver for the Indian economy.
Production of bauxite in India from 2010 to 2021
(in million metric tons)
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World Bureau of Metal Statistics. (June 6, 2022). Production of bauxite in India from 2010 to 2021 (in million metric tons) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/667035/india-bauxite-production-volume/
World Bureau of Metal Statistics. "Production of bauxite in India from 2010 to 2021 (in million metric tons)." Chart. June 6, 2022. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/667035/india-bauxite-production-volume/
World Bureau of Metal Statistics. (2022). Production of bauxite in India from 2010 to 2021 (in million metric tons). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/667035/india-bauxite-production-volume/
World Bureau of Metal Statistics. "Production of Bauxite in India from 2010 to 2021 (in Million Metric Tons)." Statista, Statista Inc., 6 Jun 2022, https://www.statista.com/statistics/667035/india-bauxite-production-volume/
World Bureau of Metal Statistics, Production of bauxite in India from 2010 to 2021 (in million metric tons) Statista, https://www.statista.com/statistics/667035/india-bauxite-production-volume/ (last visited November 05, 2024)
Production of bauxite in India from 2010 to 2021 (in million metric tons) [Graph], World Bureau of Metal Statistics, June 6, 2022. [Online]. Available: https://www.statista.com/statistics/667035/india-bauxite-production-volume/