Metals and Mining
India is the third largest producer of coal and fourth largest producer of iron ore.

Indian Metals and Mining Industry Analysis

Latest update: September, 2018

Growth

Notes: CAGR - Compound Annual Growth Rate
Source: Ministry of Coal, Worldsteel.org, BP, Ernst and Young, Aranca Research

  • In FY18, India had 1,531 operative mines – excluding atomic, fuel and minor mineral mines.
  • During 2011-12 to 2016-17, value of ore and mineral imports into India witnessed a growth of 6.1 per cent
  • Imports of Iron Ore and Minerals increased at a CAGR of 6.1 per cent to US$ 21.36 billion in FY17 from US$ 15.89 billion in FY12. The figure stood at US$ 28.14 billion between April 2017 and February 2018.
  • Indian scientists have started exploring the seabed in the Indian Ocean for precious minerals including platinum, gold and silver, thereby marking India’s entry into deep sea exploration in the southern India ocean, where countries such as China, Korea and Germany are already present.
Growth

Notes: CAGR - Compound Annual Growth Rate, 1Up to February 2018, *CAGR is till FY17
Source: Make in India, Ministry of Mines, Aranca Research

Last Updated: September, 2018

Rise in infrastructure development and automotive production are driving growth in the metals and mining sector in India. India has vast mineral potential with mining leases granted for longer durations of 20 to 30 years. India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals).

Mineral production in India grew at a CAGR of 5.72 per cent between 2013-14 and 2017-18E to reach US$ 17.62 billion in 2017-18.

India holds a fair advantage in cost of production and conversion costs in steel and alumina. The country is the 3rd largest steel producer with production of 101.4 million tonnes of crude steel in 2017. Crude Steel and Finished Steel production during 2017-18 was 102.34 million tonnes and 104.98 million tonnes respectively. India is the largest producer of sheet mica in the world and has the 7th largest bauxite reserves at around 2,908.85 million tonnes in FY17. Iron ore production in the country increased from 129.32 million tonnes in FY15 to 210.47 million tonnes in FY18. It is forecasted to grow at the rate of 5 per cent in FY19.

The Government of India has allowed 100 per cent Foreign Direct Investment (FDI) in the mining sector and exploration of metal and non-metal ores under the automatic route, which will propel growth in the sector. Power and cement industries also aiding growth in the metals and mining sector. Demand for iron and steel is set to grow, given the strong growth expectations for the residential and commercial building industry.

Indian Metals and Mining Industry Report (September, 2018)

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Indian Metals and Mining Industry Report (July, 2018)

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