Brief review of Iranian copper sector's performance

Business Materials 23 April 2018 16:30 (UTC +04:00)

Baku, Azerbaijan, April 23

By Gazenfer Hamidov – Trend:

Iran’s copper concentrate output registered an increase by 6 percent in the last fiscal year, ended March 20, 218.

The country produced 1.141 million tons of copper concentrate in the 12-month period, according to a report released by Iran’s state-run Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran’s monthly copper concentrate amounted to 91,000 tons in the last calendar month of the fiscal year (Feb. 20 – March 20).

The country also produced 160,128 tons of cathode copper in the 12-month period, 17 percent less year-on-year.

Iran’s anode copper production also stood at 201,234 tons in the last fiscal year, registering a fall by 11 percent compared to the preceding year.

Iran’s overall copper concentrate output reached 1.046 million tons during the fiscal year to March 20, 2017. The country’s copper ore output stood at 140.462 million tons during the same span of time.

Iran possesses 22 million of copper reserves, equal to 1.3 percent of the world’s proven copper reserves, according to the report.

At present, six copper mines are operating in the country.

IMIDRO also said that Iran’s molybdenum production increased by 12 percent to 7,920 tons during the last fiscal year (ended March 20).