Iran’s aluminum output rises by 65% y/y in late January: 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.
Iran’s official IRNA news agency said in a Saturday 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 last year and January 19 this year.
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 located in central Iran whose 10-month production 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 revenues while it would boost jobs and lead to more manufacturing activity in the country.
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