Aluminum ingot production rises 4% in 2 months on year
Production of aluminum ingot in Iran rose four percent in the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
The IMIDRO’s data put the production of aluminum ingot at 89,718 tons in the two-month period of this year, while the figure was 86,216 tons in the same time span of the previous year.
Among the country’s four major producers, Iranian Aluminum Company (IRALCO) had the best performance in the first two months of the present year producing 31,330 tons of aluminum ingots, followed by Almahdi Aluminum Company producing 27,238 tons, South Aluminum Corporation (SALCO) producing 24,917 tons, and Iran Alumina Company producing 6,233 tons of the product.
According to the data previously released by IMIDRO, production of aluminum ingot in Iran rose 20 percent during the past Iranian calendar year 1400 (ended on March 20), as compared to its preceding year.
The IMIDRO’s data put the annual production of aluminum ingot at 538,633 tons in 1400, while the figure was 446,836 tons in 1399, and 278,318 tons in 1398.
Among the country’s four major producers, Iranian Aluminum Company (IRALCO) had the best performance in the previous year producing 177,058 tons of aluminum ingots, although the figure was 185,000 tons in its preceding year.
South Aluminum Corporation (SALCO) produced 173,594 tons, production by Almahdi Aluminum Company stood at 150,738 tons, and Iran Alumina Company produced 37,243 tons of aluminum ingots in the Iranian calendar year 1400, the IMIDRO’s data indicated.
Annual production of the aluminum ingot in the country had been planned to increase 63 percent in the past year.
Iranian officials estimate the country’s aluminum sector has a value of $22 billion, which is sufficient to meet the country’s aluminum needs.
At present, Iran is the 18th biggest aluminum producing country in the world.
The country plans to reach the annual production of 1.5 million tons of aluminum ingot by the Iranian calendar year 1404 (March 2025-March 2026).
Source: Tehran Times
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
