EghtesadOnline: Things have changed dramatically for Iran's flagship aluminum producer in a year. Iran Aluminum Company has turned from a loss-making producer to a prosperous company with highly sought-after shares.
EghtesadOnline: The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminum brand IRALCO after the United States said this week it will reintroduce nuclear-related sanctions on Iran, the bourse said in a notice to members on May 10.
EghtesadOnline: In market disruptions, one’s loss is usually another’s gain. This was particularly true for the aluminum market in April.
EghtesadOnline: The spell is finally broken, as Iranian Privatization Organization has sold two controlling stakes in Esfahan Steel Company and Iran Aluminum Company following several unsuccessful attempts.
EghtesadOnline: Iran Aluminum Company is having a hard time keeping its head above the water, as it is posting 20,000 rials ($0.4) in losses for each kilogram of aluminum sold, the company’s managing director said.
EghtesadOnline: Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity.