India aluminium production 2047 targets 37mn t and value-added exports

India aluminium

India aluminium production 2047 aims to reach 37mn t per year. Output steps up to 12mn t in 2030 and 25mn t in 2040. India also targets over 12kg per-capita consumption from 3.5kg today. It plans to meet all domestic aluminium demand through local production.

Supply security and upstream targets

The policy prioritizes bauxite and alumina self-reliance by 2035. India produced 24mn t of bauxite in 2024 with rising imports. Alumina output reached 7.6mn t in 2024, with 2.5mn t imported. However, achieving self-reliance by 2035 demands mine approvals and capital. Authorities also plan to curb scrap import dependence above 85%.

Downstream value-add and export goals

The strategy shifts exports from primary ingot to value-added products. About 76% of exports are primary; value-added trails China’s 95% share. Officials aim to maximize conversion by 2035 and export mix by 2047. India aluminium production 2047 also raises global market share ambitions. The target is 10% by 2047, up from 3.8% in 2023. Exports should reach 3.8mn t in 2030 and 9.1mn t by 2047. Therefore, capital, power, and logistics must scale alongside smelting expansions.

The Metalnomist Commentary

India aluminium production 2047 will hinge on affordable power and timely mine permitting. Grid decarbonization and rail upgrades will determine export competitiveness for value-added products. Investors should track policy execution at provincial level and scrap-recycling build-out.