Copper, Supporting the country's economic resilience and a source of the country's currency

According to me-metals cited by Mes Press, Dr. Faiz emphasized at the first specialized conference on investing in the gold, silver, and copper value chain, referring to the necessity of aligning the company's programs with global developments and national needs: "Despite four decades of efforts, we still have a significant gap with the global standard in copper production indicators; Iran's average extraction rate is less than 1, while this figure is 2.6 in the world and 3 in Kazakhstan. The global average life of machinery is 10 years, while the life of our machinery is estimated to be more than 20 years."

He added: "To compensate for these shortcomings, a fundamental transformation must be made in the exploration, extraction, processing, and modernization of the country's mining fleet, taking advantage of the unique opportunity presented by the global market."

Global copper deficit, a strategic opportunity for Iran's copper industry

In the first part of his speech, titled "The Global Requirement of Copper," the CEO of the National Copper Company pointed to the two main drivers of copper demand in the current and future conditions, saying: "The global transition to clean energy and the digital revolution are the two main drivers of this demand."

He added: "Copper is at the heart of all clean technologies due to its exceptional conductivity, and this demand is locked in and inevitable. Forecasts show that global copper demand will reach more than 40 million tons by 2040."

Dr. Faiz stated: "To achieve the climate goals of zero carbon emissions by 2030, the world needs about 80 new mines, which on the one hand requires an investment of up to $250 billion, and on the other hand, due to the long construction and operation period of 15 to 25 years, copper supply will be limited in the medium term. This means that the structural deficit creates a sustainable advantage for established producers."

Copper is the cornerstone of national and economic security

The CEO of the National Copper Company continued by stating that copper is a geopolitical metal and that this metal is transitioning from a mere commodity to a strategic asset, stating: "This structural deficit elevates the discussion from the economic to the geopolitical. Governments increasingly see copper not as a mere commodity traded on the London Metal Exchange, but as a cornerstone of their national and economic security. This redefinition highlights the national role of copper as a strategic national hero."

Iran's Economic Outlook and National Strategy

In the second part of his speech, titled "Iran's Economic Outlook and National Strategy," Dr. Faiz considered Iran's focus on the mining sector a strategic necessity for economic diversification and reducing dependence on crude exports, and said: "Iran seeks to maximize added value and reduce risks arising from public infrastructure by developing the complete value chain, from exploration to cathode production."

He added: "The government has identified the mining sector as one of the main drivers of growth, and the Iranian Mines and Mineral Industries Development and Renovation Organization (IMIDRO) is pioneering programs to increase production capacity and develop downstream industries to maximize value added and reduce dependence on raw material exports. The resilience of the metals sector, with its ability to increase exports despite international sanctions, demonstrates that it is a vital source of foreign exchange for the country."

National Copper; From Production Megaprojects to Product Innovation

In the third part of his speech titled "National Copper as the Executive Arm of the National Strategy," Dr. Faiz pointed out the privileged position of the National Copper Company in the country and said: National Copper Company of Iran, as a leading producer in the country with top-ranking mineral resources and reserves, has been consistently profitable, with average annual sales exceeding $2 billion, which has been introduced as one of the top three companies on the Tehran Stock Exchange with a stunning profit margin and market value.

According to the CEO of the National Copper Company, the company has a clear strategy to focus on selling the final product and moving towards completing the value chain, which has significantly increased gross profit margins over the years.

The golden future of the copper industry with the implementation of the Copper Company's mega project

Referring to the design and goal setting of a megaproject at the Iranian Copper National Company, Dr. Faiz said: "The goal of this megaproject is to significantly increase concentrate production and achieve tonnages of over three million tons and significantly increase cathode production, which will create a golden future for this industry."

He emphasized: "This is not a vague ambition on a global scale, and it must be acknowledged that, given the wealth of knowledge and experience in this renowned company, it is an achievable reality."

The CEO of the National Iranian Copper Industries Company said: "By implementing mega development projects, investing in key infrastructure, and moving towards value-added products, National Iranian Copper is not only a key player in the global copper market, but also Iran's national tool for exploiting the global metals supercycle."

He noted: The company's direct investment in power plants and water transfer projects from the Persian Gulf and the Sea of ​​Oman will free National Copper Co. from dependence on public infrastructure and ensure the continuity of production.

National Iranian Copper Company is in a privileged position with high technical capacity and clear development plans

Dr. Faiz emphasized that the structural deficit of copper in the current situation and the sustainable shortage of supply in the coming years will give copper mining companies a special competitive advantage, saying: "National Iranian Copper, relying on huge reserves, high technical capacity, and clear development plans, is in a privileged position to respond to this challenge."

Referring to the geopolitical position of copper, the CEO of the National Iranian Copper Industries Company stated: "This metal is no longer just a stock market commodity and has been included in the list of vital minerals of many countries."

The path of copper development is not limited to increasing production

He added: "Aligning national copper development plans with the country's macro policies means easier access to domestic capital, facilitation of implementation processes, and infrastructure support that reduces the risk of the company's activities."

Dr. Faiz stated: "The path of national copper development is not limited to increasing production, and this company is moving towards a leading position in the new generation of the metals industry by focusing on innovation and producing value-added products, including the successful entry of rhenium metal into the product portfolio and the launch of innovation centers and a venture capital fund."

The CEO of the National Iranian Copper Industries Company emphasized: This approach not only creates a stable profit margin, but also insulates the company from global price fluctuations.

Invitation to participate in a unique opportunity

He concluded by saying: "National Iranian Copper invites strategic partners to participate in achieving the development goals of one of the world's most important mineral suppliers, which plays a vital role in the energy transition and digital future."