Iran’s aluminium ingot output in the first ten months (March 21, 2020-Jan 19, 2021) of the Iranian calendar stood at 364,783mt, up by 65pc from the prior-year period, according to media reports citing data released by the Iranian Mines and Mining Industries Development and Renovation Organization (Imidro).
Iranian Aluminium Company (IRALCO) contributed 42.6pc to the total output, producing 155,577mt of aluminium ingots in the period.
The country’s alumina production in the Mar-Jan period stood at 193,962mt, largely unchanged from the prior-year period.
In the tenth month (Dec 21, 2020- Jan 19, 2021) aluminium ingot production grew by 58pc to 39,560mt from the corresponding month in the preceding year. Alumina power output stood at 16,723mt, down by 16pc.
Iran has launched investment schemes in the last year to develop its aluminium industry as it faces growing demand both domestically and in the international markets.
The country commenced production at the first phase of a $1bn aluminium smelter SALCO located in southern Iran in late 2019 to counter the US sanctions targeting Iran’s metals sector.
The plant is expected to produce 1mn mt of aluminium per annum once it becomes fully operational.
Iran plans to reach an annual aluminium ingot production capacity of 1.5mn mt by the Iranian calendar year 1404 (Mar 2025-Mar 2026).