Number of rules prevent Iran from exporting minerals, mining products - TPOI

Business Materials 2 December 2021 13:17 (UTC +04:00)
Number of rules prevent Iran from exporting minerals, mining products - TPOI

BAKU, Azerbaijan, Dec. 2

By Elnur Baghishov – Trend:

A number of rules in Iran restrict and hinder the export of minerals and mining products, Chairperson of the Mining Industry Group of Trade Promotion Organization of Iran (TPOI), Ilaha Mokri said, Trend reports referring to the organization’s website.

According to Mokri, these restrictions include the sale of minerals and mining products only on the Iran Mercantile Exchange (IME), and the permission to export a determined amount of each product. To these restrictions should be added the coronavirus pandemic.

The official added that all these create problems for the short and long-term Iran's perspectives in connection with the export of Iranian minerals and products.

“Despite all these problems, Iran's exports of minerals and mining products increased by 130 percent in value and 43 percent in volume, during the first seven months of the current Iranian year (March 21 through October 22, 2021), compared to the same period last Iranian year,” he said.

Mokri emphasized that Iran exported 10.4 million tons of minerals and related mining products worth $6.41 billion for the reporting period.

“So, Iran exported $2.59 billion worth of steel ingots, $1.02 billion worth of long steel products, $752 million worth of copper cathode, $357 million worth of flat-rolled steel products; $354 million worth of aluminum ingots, $239 million worth of iron ore and concentrate, $265 million worth of zinc ingots, $159 million worth of sponge iron in 7 months. These products accounted for the main part of Iran’s total mineral exports for the mentioned period,” the official noted.


Follow the author on Twitter:@BaghishovElnur