In IME’s domestic and export metal and mineral trading hall, 1.73 million tons of various products, worth close to $2.95 billion, were traded, according to ime.co.ir.
At this trading hall, 1.307 million tons of steel, 24,355 tons of copper, 600 tons of molybdenum concentrate, 60 tons of precious metals concentrate, 24,500 tons of zinc, 34,780 tons of aluminum, as well as 55kg of gold bullion were traded.
Also 537,625 tons of bitumen, 320,639 tons of polymer products, 157,673 tons of chemical products, 6,015 tons of insulation, 8,440 tons of oil products, as well as 55,850 tons of sulfur were traded.
The IME was set up on September 20, 2007, in accordance with Article 95 of the new law of the Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran’s capital market, providing many trading opportunities for customers both at home and abroad.
Economic and industrial sectors benefit from the exchange. The IME currently offers various services, such as performing as the first market providing access to the initial offering of the listed commodities in the IME; price discovery and price making for Iran’s over-the-counter (OTC) trade; secondary markets and end users; providing a venue for government sales and procurement purchases, a trading platform and user interface, clearing and settlement services, risk management, technology services, and training market participants.