News ID: 280666
Published: 0320 GMT February 14, 2021

Iran’s aluminum output rises by 65% in 10 months: Report

Iran’s aluminum output rises by 65% in 10 months: Report

Iran has churned out 65 percent more aluminum in the 10 months to late January as the country’s metals and mining sector keeps growing in a blow to the US sanctions targeting its trade of metals.

IRNA said in a report that the total production for unwrought aluminum in four major aluminum smelters in the country had reached 364,783 metric tons between March 20, 2020 and January 19, 2021.

Unwrought aluminum output topped 39,000 tons in the single month to January 19, a growth of 58 percent year-on-year, said the report.

Largest growth in production per smelter had been recorded at IRALCO, a large plant in central Iran, the production of which in 10 months exceeded 155,000 tons, an increase of over 42 percent year-on-year.

The increased production of aluminum comes as Iran recorded a stable output for alumina, the powder used to make aluminum, as output in the country’s sole alumina plant topped 193,000 tons over the period, showed the report.

Iran has introduced major investment schemes to develop its aluminum industry as it faces growing demand for the metal both inside the country and in the international markets.

A first phase of a $1-billion aluminum smelter located in southern Iran came on line in late 2019 in what authorities described as a major blow to US sanctions targeting Iran’s metals sector.

The plant, known as SALCO, is planned to produce nearly one million tons of aluminum per year once it reaches full capacity in the upcoming years.

Experts say building out Iran’s metals and mining sector would reduce the government’s sheer dependence on crude oil revenues while it would boost jobs and lead to more manufacturing activity in the country.


 

   
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