Domestic Economy

58% Growth in Iran's Aluminum Output

58% Growth in Iran's Aluminum Output58% Growth in Iran's Aluminum Output

Iranian aluminum producers had an aggregate output of 65,170 tons of aluminum ingots during the first two months of the current Iranian year (March 20-May 20) to register a 58% growth compared with the corresponding period of last year, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report shows.
Flagship producer Iran Aluminum Company (IRALCO) accounted for 31,984 tons of the total output, posting a 4% rise year-on-year, Fars News Agency reported.
It was followed by Hormozal Aluminum Company with 13,537 tons, up 163% YOY; Almahdi Aluminum Company with 11,881 tons, up 128% YOY; South Aluminum Company (SALCO) with 4,493 tons, registering no significant change YOY and Iran Alumina Company with 3,275 tons, showing a 799% upsurge.
The output during the month to May 20 amounted to 33,644 tons, indicating a 61% rise YOY.


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