Iran produces more than 120,000 tons of copper cathode in 5 ...| MENAFN.COM

Friday, 09 December 2022 04:55 GMT

Iran produces more than 120,000 tons of copper cathode in 5 months


(MENAFN) As shown by the figures issued by Iran’s Ministry of Industry, Mining and Trade, 122,600 tons of copper cathode was outputted in the nation throughout the opening five months of the ongoing Iranian calendar year (March 21-August 22).

According to the report, the five-month production indicates 2.2 percent fall in comparison to the output amount in the previous year’s same span of time.

Output of copper cathode in Iran jumped 2.8 percent in the last Iranian calendar year 1400 (ended on March 20), from its prior year, Industry, Mining and Trade Ministry has earlier mentioned in a report.

In line with the report, the nation manufactured 299,000 tons of the output in the last year.

Head of Iran Copper Association Bahram Shakouri stated that “Although less than 300,000 tons of copper cathodes are currently produced in the country, with the development of reserves and more exploration and extraction, the production of one million tons of the product is projected by 1404.”

Adding that “For the 1404 horizon, production of 800,000 tons of copper is targeted, and if we develop mineral reserves and expand exploration operations while creating more processing plants, the production ceiling of one million tons of copper cathode can be considered for the mentioned year.”

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