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India's Mineral Trade

India's Mineral Trade

India has long been pursuing import substitution policies. Based on the exploitation of mineral resources to meet domestic needs, strengths minerals only to meet domestic demand can be exported only under the premise. Overall, India's dependence on foreign mineral supply is relatively high, import and export of mineral products in India in 2003 amounted to 70.66 billion rupees deficit. 2003 India's export volume of 46.618 billion rupees minerals, Crusher and Grinding Mill Supplier mineral products accounted for 28.44% of the total import and export trade. Diamond processing products export volume accounted for 77% of export volume, accounting for 9% of iron ore, granite, 5%, 2% alumina, precious stones accounted for 2%. India's imports of mineral trade 117,294,000,000 rupees, minerals accounted for 71.56% of the total import and export trade. India's oil imports accounted for 66% of import trade, uncut diamond imports accounted for 25 percent, and imports of other important minerals are copper, coke, rock phosphate, precious stones and sulfur.
In 2003, oil imports 83,677,000 tons, an increase of 5.3% over the previous year. India's oil imports mainly from Saudi Arabia, Iran, United Arab Emirates, Kuwait and Qatar, there is a way to import an intergovernmental contract year, 3 month supply contracts and spot buying. India imported 1.894 million USED STONE CRUSHER IN SOUTH AFRICA tons of coke, a slight decrease for two consecutive years, almost all of India's imports from China coke. Copper concentrate imports 488,000 tons, 30.04 percent less than last year, for two consecutive years was a substantial decrease, mainly due to the Indian Copper Company mine development success abroad.
Indian iron ore export volume ranks third in the world in 2003, India exported 57.09 million tons of iron ore, an increase of nearly one-fold over the previous year, India's iron ore exports in 2004 fell by 9.8%. Indian iron ore exports 80 percent going to China in 2004, China's...

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