Minerals and Metals Facts

minerals and metals sector is a mainstay of the national economy that supports jobs and economic activity in every region. Explore the Minerals and Metals Facts to learn how the minerals and metals sector contributes to the Canadian economy and our everyday lives. These facts include data, statistics and information on mineral and metal uses, production, trade, prices, employment and many other themes.

We produce and market a diverse range of metals and minerals – such as copper, cobalt, zinc, nickel and ferroalloys - and also market aluminium/alumina and iron ore from third parties

These products include bauxite, which is the world’s main aluminium ore; alumina (an oxide derived from the processed ore); primary aluminium; and aluminium alloys..

We physically market iron ore from third-party producers to customers worldwide – with Asia making up most of our customer base.

Aluminium

‘As a lightweight but strong metal, aluminium is widely used in cars, planes and trains, and in recyclable food packaging such as cans and foil. In construction, it is used in window and doorframes, roofs, facades and curtain walls – for example, in buildings such as skyscrapers.

Iron

One of the world’s most widely used metals, iron is primarily used to make steel – often in conjunction with ferroalloys. Structural steel and steel reinforcing bar – known as rebar – are often used in buildings and bridges. Stainless steel, meanwhile, has countless uses, from construction and vehicles to cutlery, cookware and domestic appliances.

Metals & Mining Industry in India

India holds a fair advantage in production and conversion costs in steel and alumina. Its strategic location enables export opportunities to develop as well as fast-developing Asian markets. As of FY21, the number of reporting mines in India were estimated at 1,229, of which reporting mines for metallic minerals were estimated at 545 and non-metallic minerals at 684. Rise in infrastructure development and automotive production are driving growth. Power and cement industries are also aiding growth for the sector. Demand for iron and steel is set to continue given the strong growth expectations for the residential and commercial building industry.

• Investments/ Developments
• TAccording to official data, in the first quarter of FY22, iron ore exports reached US$ 1.7 billion, registering an increase of 168%

Mining & Mineral Statistics

The Mining and Mineral Statistics Division functions as the nodal agency for statistics on mineral sector. Under Rule 45 of the Mineral Conservation and Development Rules (MCDR) 1988, all the mine owners, managers etc and the mineral based traders/exporters/stockists/end-users have to register (Form M) with IBM and the following returns are to be submitted in prescribed formats as per the following time

The Statutory and non statutory

Metal mining provides the elements required for the provision of energy, communication, transport and more. The increasing uptake of green technology, such as electric vehicles and renewable energy, will also further increase metal demand. However, the production lifespan of an average mine is far shorter than the timescales of mineral deposit formation, suggesting that metal mining is unsustainable on human timescales. In addition, some research suggests that known primary metal supplies will be exhausted within about 50 years. Here we present an analysis of global metal reserves that suggests that primary metal supplies will not run out on this timescale. Instead, we find that global reserves for most metals have not significantly decreased relative to production over time. This is the result of the replenishment of exhausted reserves by the further delineation of known orebodies as mineral exploration progresses. We suggest that environmental, social, and governance factors are likely to be the main source of risk in metal and mineral supply over the coming decades, more so than direct reserve depletion. This could potentially lead to increases in resource conflict and decreases in the conversion of resources to reserves and production.

Introduction

Metal mining is essential to modern life and provides the raw materials that underpin modern society (for e.g.1,2) as well as being crucial in efforts towards meeting the UN Sustainable Development Goals. The mining sector also provides the commodities needed for the development and rollout of lower CO2 technologies2. However, mine life timescales (~30–50 years average mine life) are far shorter than the geological processes that form mineral deposits (1000s to millions of years3,4). This makes metal mining inherently unsustainable on human timescales since economically extractable mineral deposits become exhausted before replenishment by natural processes. The rate of exhaustion, however, remains controversial, with some researchers5,6,7,8,9,10,11,12 suggesting that the available supply of a range of metals will run out within 50 years or less.

Making Transit riders feel safer in Atlanta, USA:

mining sector related data collected as above is processed and published as part of various publications of IBM. The following items of information are released / furnished on regular basis:-

State-wise average sale price of selected minerals by grades for which royalty is chargeable on ad-valorem basis not linked to any International Benchmark Prices along with London Metal Exchange (LME) prices of certain metals. Monthly summary of mineral production and estimated value of mineral production. Monthly Index on mineral production excluding atomic minerals. This forms part of Monthly Index on Industrial Production (IIP) released by the Central Statistical Office, Ministry of Statistics & Programme Implementation, New Delhi. Monthly ex-mine prices of 19 selected minerals by grades are furnished to Ministry of Commerce and Industry for computation of Wholesale Price Index (WPI). The mineral sector statistics is also furnished periodically to concerned central Government Ministries, State Government and other national and international agencies of prime importance.

Monthly Statistics of Mineral Production (MSMP)

It is a monthly publication having data on index of mineral production, production and value of minerals by minerals and by states, State-wise average sale price of minerals by grades for which royalty is chargeable on ad-valorem basis not linked to any International Benchmark Prices, London Metal Exchange (LME) prices for Aluminium (Al), Copper (Cu), Lead (Pb), Nickel (Ni) , Tin (Sn), Zinc (Zn) and also other London prices for Gold (Au) and Silver (Ag), production of iron ore by captive and non captive use both in public and private sectors by states etc. The March issue of the publication contains the annual data for the preceding two years and certain additional information on export/import data.

Statistical Profiles of Minerals

“This annual publication presents the mineral wise key information on recoverable reserves, life index, lease area, no. of leases, mineral production by sectors, states, captive and non captive mines and grades, in respect of various minerals under the purview of MCDR, 1988. It also includes time series data / information relating to employment, consumption, stocks, exports and imports (country wise / domestic) and principal mines etc. ”