India's mineral production up 13.1% in October 2023
₹3,518 crore to ₹8,411 crore," read a statement from the ministry. However, the statement added, production of other important minerals such as lignite, copper concentrate, bauxite, chromite and phosphorite declined in October.
The government has been taking steps to boost India's production of critical minerals. In July, the ministry drew up a list of 30 such minerals, based on the recommendations of a committee.
These include tin, which is used in aerospace, construction, home decor, electronics, jewelry, and telecommunications; molybdenum, used in steel alloys, pigments, and dyes, catalysts, electrical, and electronics; graphite, used in batteries, lubricants, EVs, and fuel cells for EVs and nickel, used in stainless steel, solar panels, batteries, aerospace, defense applications, and electric vehicles. The increased focus on critical minerals is part of India's ambitious plans to achieve energy transition and strengthen domestic manufacturing.Milestone Alert!
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