Iran Aluminum Output Down 32%
The output of Iran's major aluminum producers totaled 41,367 tons during the first two months of the current Iranian year (March 21-May 21), which indicates a 32% decline compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported.
Flagship producer Iran Aluminum Company accounted for 30,625 tons of the total figure, registering an increase of 2% year-on-year. It was followed by Almahdi Aluminum Company with 5,221 tons, down 56% YOY, and Hormozal Aluminum Company with 5,156 tons, down 73% YOY.
Aluminum production during the month to May 21 stood at 20,862 tons that indicates a decline of 31% YOY.
Iran Alumina Company produced 38,908 tons of alumina powder during the two months, down 6% YOY.
Alumina powder output in the month to May 21 amounted to 20,649 tons, down by 1% compared with last year’s similar period.
Iran has a current aluminum nameplate capacity of 457,000 tons per year, of which about 437,000 tons are operational, Metal Bulletin reported.
The country is planning to increase annual production to 1.5 million tons by 2025.
source: Financial Tribune
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