Event Details
General Informations
Manganese and Chrome ores are basic raw
materials for production of steel and essential for the economic development of
the country. With the growth of
iron and steel industry and available abundant resources in the country, there
is huge potential of manganese, chrome ore and ferro-alloys industry in India.
Our country is endowed with huge
resources of manganese ore to the tune of 504 million tonnes (MT) and chrome
ore to the tune of 332 million tonnes (MT) as on April, 2020. However, it is
ironical that despite possessing rich resources, domestic mining industry
remains under harnessed and ferro-alloy industry is compelled to import these
minerals. It is observed that import of manganese ore has increased significantly
to 5.6 million tonnes in 2023-24 from 2.8 million tonnes in 2019-20. While
import of the manganese and chrome ore has witnessed quantum jump but the
production remains stagnant.
The National Steel Policy of India 2017
aspires to achieve 300 million tonnes of steelmaking capacity by 2030. Hence, there
is need for enhanced production to meet the requirement of 11 milllion tonnes of
manganese ore and 5 million tonnes of chrome ore by 2030-31. Globally,
manganese ore requirement is increasing due to its significant use in
manufacturing of batteries in electric-vehicles. The importance of manganese
ore is emerging as a vital material in future of electric vehicle industry with
the global commitment for reducing greenhouse gas emissions and leveraging
renewable energy sources.
Ferro alloys are essential
to the Indian steel industry, significantly contributing to both domestic
consumption and foreign exchange earnings. Despite having total production
capacity of 5.15 million tonnes of the ferro-alloys industry, the total
capacity utilization is too low. It is imperative that the industry must rise
to new levels with advanced technological competitiveness, utilization of green
technology to reach zero emissions and enhanced productivity.
This event will provide a
unique platform for the manganese / chrome ore and alloy producers, consumers,
technology suppliers, as well as others to discuss technological developments,
legislative issues, ESG aspects, research & development and market trends.
Producers, consumers, buyers and traders will have the opportunity to discuss
and review supply and demand related issues in open forums and private
meetings. Suppliers of exploration, mining processing equipment and
metallurgical technologies will have an opportunity to make presentations on
manganese/chrome ore and alloy to the stakeholders.