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Iran Aluminum

  • 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: Iran is on track to launch a new aluminum smelter early next year that would boost the country’s output by 70%, making it self-sufficient in the metal by taking advantage of its rich natural gas reserves.

  • 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 will become a net exporter of aluminum from 2019 and plans to increase its domestic production of the metal over the coming years, an official of the Iranian Mines & Mining Industries Development & Renovation Organization told delegates at the Arabal conference in Oman.

  • EghtesadOnline: Iran didn’t need to take a cue from Saudi Arabia’s success with its Alcoa joint venture Ma’aden Aluminum smelter and downstream operations, as just about every Middle Eastern natural-gas producer with production to spare has invested in aluminum smelting as an easy win outlet for vast natural gas reserves.

  • EghtesadOnline: Iran plans to add 336,000 tons of primary aluminum smelting capacity in 2018, the planning manager of state-owned mining holding company IMIDRO, Amir Sabagh, told S&P Global Platts.

  • EghtesadOnline: Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity.

  • EghtesadOnline: Aluminum is the world’s fastest growing industrial metal and Iran has the potential to be a major player in this sprinting, lucrative sector, according to a presentation made by the London-based Commodities Research Unit Group at the Iranian Mines and Mining Industries Development and Renovation Organization headquarters in Tehran at the weekend.