September 27, 2020

Persian News

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Aluminum ingot output rise 70% in 5 months on year

TEHRAN- Production of the aluminum ingot in Iran rose 70 percent during the first five months of the current Iranian calendar year (March 20-August 21) 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 country’s aluminum ingot output at 175,000 tons during the five-month period, IRNA reported.

Production of this product had also risen 49 percent during the first four months of the year (March 20-July 21) and 63 percent during the first quarter (March 20-June 20), compared to the same time spans of the previous year.

Production of the aluminum ingot in the country is planned to increase 63 percent by the end of the current Iranian calendar year (March 20, 2021).

Iran’s major aluminum producers produced 275,716 tons of aluminum ingots in the past Iranian calendar year (ended on March 19), according to the data released by the Industry, Mining and Trade Ministry.

The country’s aluminum ingot production in the past year fell eight percent in comparison to the figure for its preceding year.

The data show that among the country’s top producers, Iranian Aluminum Company (IRALCO) had the best performance registering a four-percent rise during the mentioned period.

On April 23, during the inauguration ceremony of Iran’s biggest aluminum production complex (in the central Fars province), the former industry minister said the country’s aluminum production is expected to be doubled with that unit going operational.

The official put the value of the Iranian mining industry’s production at about $22 billion, saying that the country is relatively self-sufficient in minerals and a great deal is also exported every year.

He went on underlying, “The country’s capacities in the sector, saying that Iran is ranked 18th among the world’s top aluminum producers, and with this new plant going operational the country will climb four places to stand at 14th place.”

Iran plans to reach the annual production of 1.5 million tons of aluminum ingot by the Iranian calendar year 1404 (March 2025-March 2026).

MA/MA

Original News : https://www.tehrantimes.com/news/452047/Aluminum-ingot-output-rise-70-in-5-months-on-year

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