Mineral resources represent a huge source of income and wealth. So, Good quality, detailed geological information is key for minerals-rich countries looking to attract investment. Such information is a public good and can enhance the efficiency of mining and prospecting operations.
No country is self-sufficient in every raw material. Products of iron and steel had the highest value among the exports of base metals and their products from India in fiscal year 2021.
In 2021, Ferroalloys were the world's 129th most traded product, with a total trade of $27.7B. In 2020, the countries that had the largest trade value in exports than in imports of Ferroalloys were Indonesia ($4.06B), Brazil ($2.74B), South Africa ($2.7B), Kazakhstan ($1.67B), and India ($1.51B).