Iran aluminium ingot output to reach 910,000 tons by March 2016

Business Materials 24 October 2012 15:51 (UTC +04:00)

Azerbaijan, Baku, Oct.24/ Trend F.Milad/

Iran plans to increase its annual aluminium ingot production capacity up to 910,000 tons by the end of the Fifth Five-Year Economic Development Plan (March 2016), the IRNA News Agency reported.

Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Ja'fari said in May that Iran's aluminium output will exceed 400,000 tons by the end of the current Iranian calendar year (starting March 20) and hit 1.5 million tons by the end of the country's 20-year Development Vision Plan which ends before 2025.

Aluminum ingot output hit 140,100 tons in Iran during the first five months of the current Iranian calendar year which began on March 20, the IRNA News Agency reported.

Some 78,000 tons of aluminium products worth 188 million dollars were also exported in the first six months of the current Iranian calendar year which began on March 20.

Ja'fari had previously said that the volume of aluminium production in the country increased by 8.5 per cent during the past Iranian calendar year (ended March 19) compared to its preceding year, Press TV reported in May.

The production growth rate comes despite the fact that the world average yield increased by seven per cent during the aforementioned period, he added.

He also put Iran's current per capita consumption of aluminium at 4.5 kilogram, noting that per capita aluminium consumption worldwide now stands at 6.5 kilogrammes.

The head of Iranian Mining and Mineral Industries Development and Renovation Organisation (IMIDRO) also said that his organisation will implement various projects across the country to achieve the aluminium output target set for this year.

The official highlighted that Iran's ranking in production of aluminium has risen by four steps since 2005 to stand at number 22 in the world aluminium output.

Ja'fari stressed that Iran plans to reach 14th position in the global aluminium production by the end of the 5th Economic Development Plan (2010-2015).