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12 JUNE 2018 AL CIRCLE

Iran exported 45 thousand tonnes of aluminium in Q1 2018

EDITED BY : HEENA IQBAL 2MINS READ

According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iran produced 60, 947 tonnes of aluminium in the first two months of the current Iranian year (March 21-May. 21), an increase of 9.7 per cent from the same period last year.

Iran Aluminum Company, the first producer of aluminium in the country, produced 30,033 tonnes of aluminium in the mentioned period. Hormozal Aluminum Company and Almahdi Aluminum Company produced 19,024 tonnes and 11,890 tonnes of aluminium respectively.

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Iran exported an estimated 135172 tonnes of aluminium in 2017. Top importers who have been buying aluminium from the country include Turkey, China, South Korea, Netherlands and India (2017 data).

According to recent estimates, in the first quarter of 2018, Iran’s aluminium export reached an estimated total of 45461 tonnes. The revenue from the export stood at USD 48 million.  

The total aluminium export is expected to reach 29826 tonnes and 37106 tonnes in the second quarter and third quarter of 2018. The revenue from export estimated to stand at USD 23 million and USD 35 million in Q2 and Q3 respectively.

In Q4, the country is estimated to export about 37106 tonnes of aluminium. The revenue from export is projected to reach USD 32 million.

Iran has aluminium ingot production capacity of 487,000 tonnes per annum. Aluminium capacity is expected to reach 780,000 tonnes by 2020 and 1.2 million tonnes by 2025.

The country is expected to start a new aluminium smelter in 2019. South Aluminium Company (Salco) will boost the country’s aluminium production by 70 per cent and make it self-sufficient by taking advantage of rich natural gas reserves. Salco will produce 300,000 tonnes per year in the first phase.


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EDITED BY : HEENA IQBAL 2MINS READ

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