EghtesadOnline: Iran’s first mobile lead, zinc and copper flotation plant has become operational in Yazd Province, the head of Yazd Industries, Mining and Trade Organization announced.
EghtesadOnline: Major Iranian copper complexes produced a total of 997,535 tons of copper concentrate during the 10 months to Jan. 20 to register an increase of 4% year-on-year.
EghtesadOnline: T he export price index stood at 344.3 for the first month of the current fiscal year (March 21-April 20), registering a 8.4% increase compared to the preceding month and a 23.1% rise compared with last year’s corresponding period, the Central Bank of Iran’s latest data show.
EghtesadOnline: T ehran Stock Exchange’s main index lost 372.69 points or 0.38% on Tuesday compared to the day before to end trade at 96,748.
EghtesadOnline: Nickel surged to the highest level in more than two years, and copper chalked up its best mark since 2014, as bets on tighter markets, especially in top consumer China, keep metals buoyant after their longest run of weekly gains in a decade.
EghtesadOnline: A broad-based rally in commodities from oil to copper underpinned gains in producers of raw materials in Asia, while bonds fell as the Federal Reserve prepares to conclude its policy meeting.
EghtesadOnline: The dollar’s gains reverberated across emerging markets as the case for multiple U.S. interest-rate increases strengthened. Copper surged.
EghtesadOnline: The dollar retreated from a six-month peak against the yen on Tuesday, while a push higher for copper and iron ore prices drove commodities-linked currencies higher, led by the Australian dollar.
EghtesadOnline: Contrary to the great expectations concerning the copper industry’s potentials, mineral exploration initiatives undertaken by the government have so far borne no fruit.
EghtesadOnline: Iran is the leading copper producer in the Middle East and North Africa region.