2-Month Aluminum Output at 53KT
More than 53,000 tons of aluminum ingots were produced in the first two months of the current Iranian year (March 20-May 20, 2016), indicating a 2% decline compared with the corresponding period of last year.
This was announced by the Iranian Mines and Mining Industries Development and Renovation Organization on its website.
Iran Aluminum Company accounted for over 25,700 tons of the overall figure, Hormozal Aluminum Company for more than 16,350 tons and Almahdi Aluminum Complex for about 11,000 tons.
With a combined annual production capacity of 470,000 tons, Iran’s aluminum companies produced 350,000 tons of aluminum ingots in the last Iranian year (ended March 19, 2016).
Iran is planning big for its aluminum industry, as it intends to attract $10 billion in foreign investment to boost production to reach an annual rate of 1.5 million tons within the next decade as stipulated in the 20-Year National Vision Plan (2005-25).
source: Financial Tribune
Top News
Six last month
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
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
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
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
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
