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NICICO Sales, Exports Reach Record High of $1.4 Billion

The value of exports doubled to more than $722 million in the last Iranian year (March 2019-20)
NICICO Sales, Exports Reach Record High of $1.4 Billion NICICO Sales, Exports Reach Record High of $1.4 Billion

The National Iranian Copper Industries Company’s sales totaled a record high of 227 trillion rials ($1.41 billion) in the last fiscal year that ended on March 19, 2020, to witness a staggering rise of 127% compared to the year before.
According to NICICO Managing Director Ardeshir Sa'd-Mohammadi, the company’s domestic sales accounted for over 110 billion rials ($687,500) of the total sum and the rest ($722 million) pertained to exports.
He noted that both earnings from exports and domestic sales registered all-time highs, ISNA reported.
“The value of exports was twice those of the preceding year. NICICO produced 1.18 million tons of copper concentrates last year, which is also a record high,” he added.
The company also produced 250,133 tons of copper cathode during the period, marking an all-time high.

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