Iran’s copper anode output in the first seven months (Mar 20-Oct 21, 2020) of the Iranian calendar increased by 12pc to 205,110mt from the prior-year period, according to media reports citing data from the Iranian Mines and Mining Industries Development Research Organization (Imidro).
The inauguration of four new copper projects worth IRR40tn ($952.3mn) in Iran’s Kerman province in May has boosted the output.
The Khatoon Abad Copper Complex plans included expansion of copper smelting capacity, creating a copper concentrate storage, building a sulfuric acid production plant, along with an oxygen supplying unit.
The projects after completion increased the complex’s copper anode output by 50pc to 120,000mt and copper smelting capacity to 400,000mt.
The country’s copper cathode production in the Mar-Jan period stood at 162,730mt, up by 6pc from the same period year prior. Iran’s total copper cathode output is expected to reach 280,000mt in the current fiscal.
The country’s copper exports have doubled in terms of value to over $1bn in the prior year despite US-imposed sanctions, as per media reports.