Tehran, Iran, April 24
By Kamyar Eghbalnejad – Trend:
Iran has devised plans to boost the production of aluminum in the country in the coming years, a senior official said.
The deputy head of Iranian Mines and Mining Industries Development and Renovation (IMIDRO), Ardeshir Sad Mohammadi, has said that the country is planning to spend $6 billion on developing its aluminum industry.
Speaking at an international conference on aluminum in Tehran, he said that “the south aluminum project” is among the major under construction projects in the country.
According to the official, the construction of the south aluminum projects has been completed by 48 percent and it is estimated to cost about $1.2 billion.
He expressed hope that the project will come on the stream in the early months of the coming fiscal year which starts on March 21, 2019.
Ardeshir Sad Mohammadi forecasted that the country’s output of aluminum ingot over the coming two years would reach 800,000 tons.
The country’s three leading companies - Iranian Aluminium Company (IRALCO), Al-Mahdi Aluminum Corporation (AAC) and Hormozal - produced 337,608 tons of aluminum ingots in the 12-month period, which is 1 percent less year-on-year. Meanwhile, Iran’s annual aluminum demand stands at about 500,000 tons.
Iran’s aluminum ingot production capacity stands at 487,000 tons per year. The figure is planned to reach 780,000 tons by 2020 and 1.2 million tons by 2025.
Over 240,167 tons of alumina powder was also produced in the country during the 12-month period, according to the report.