Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

State-owned National Mineral Development Corporation reported an increase in iron ore output and sales by 13pc and 18pc to 3.32mn mt and 3.30mn mt, respectively, in November 2020. In November 2019, the output and sales were at 2.94mn mt and 2.79mn mt, respectively.


The output from Chhattisgarh mines was 2.65mn mt while sales stood at 2.64mn mt. Mines in Karnataka produced 0.67mn mt, with sales of 0.66mn mt.


In the Jan-Nov period, iron ore output dropped by 5pc to 17.98mn mt, and sales declined by 6pc to 18.73mn mt, compared to November 2019.

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