What are Mineral-based Industries?

By Shivank Goel|Updated : September 6th, 2022

Mineral-based industries are those industries that use metals and mineral ores as their raw materials. Steel and iron industries are one of the best examples of such industries, also including the heavy-machinery industry.

Mineral ores are the major resource needed for a mineral-based industry to function, and the products of such industries are brought into use by other industries, such as iron and steel products.

What do you mean by Mineral-based Industries?

Mineral-based industries are those industries that operate on minerals or mineral-ores as raw materials. The products of these industries are needed and utilized as raw materials by other industries to create other usable products. Examples of these industries are steel and iron industries and heavy-machinery industries. The iron made in the mineral-based industries is used by other industries to create other iron products such as heavy machinery, building materials etc.

According to the 2018 ranking, India stood in the second position among the world's (unrefined) steelmakers, whereas it took first place in the list of the biggest wipe iron makers.

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FAQs on What are Mineral-based Industries?

  • The mineral-based industries use minerals and mineral ores as their raw materials.

  • India ranked second among the world’s (unrefined) steelmakers.

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