Iran Ups Aluminum Output by 21% in 7 Months
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that 367,274 tons aluminum ingot was produced in the seven-month period of this year, while the figure was 303,829 tons in the same time span of the previous year.
Among the country’s four major producers, South Aluminum Corporation (SALCO) had the best performance in the first seven months of the present year, producing 157,311 tons of aluminum ingots, followed by Iranian Aluminum Company (IRALCO) producing 102,441 tons, Almahdi Aluminum Company producing 86,330 tons, and Iran Alumina Company producing 21,192 tons of the product.
Iran’s aluminum production jumped in 2020 with the inauguration of Salco, a massive plant in the Southern Iranian province of Fars, which cost IMIDRO and private investors some $1.2 billion to build.
The project was part of a larger plan by the Iranian government to diversify the country’s economy away from crude oil revenues.
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