Iran aluminium production has increased by 47pc to 60,677mt in the two first months of Iranian calendar year (March 20 to May 19) from 41,367mt the prior year period, according to data provided by The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). The aluminum ingot production was 30,647mt in the second Iranian month ended May 19, up from 20,862mt in the prior year month.
Iran produced 275,716mt aluminum ingots in the Iranian calendar year ended on March 20.
Iran has set a target of 823,000mt aluminum ingots production for this Iranian calendar year. Iran needs an investment of $1.8bn to ramp up production. In April, Iran’s South Aluminum Corporation (SALCO) inaugurated the country’s largest aluminium complex in Fars province which has an annual capacity of 300,000mt per year.
The country ranks 18th among world’s aluminum producing countries and the new capacity addition will take Iran to 14th position. Iran aims to reach an annual production target of 1.5mn mt of aluminum ingot by March 2025.