Domestic Economy
0

2% Rise in Zinc, Lead Extractions

2% Rise in Zinc, Lead Extractions2% Rise in Zinc, Lead Extractions

Major Iranian lead and zinc producers extracted a total of 211,304 tons of ores during the first three months of the current Iranian year (March 20-June 20) to register a 2% rise compared with the corresponding period of last year.
According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization, Angouran Lead and Zinc Complex accounted for the highest share of the total output with 195,860 tons to register a 1% growth year-on-year, while Nakhlak Lead and Zinc Plant accounted for 15,444 tons of the total output, indicating a 7% increase YOY.
Angouran Lead and Zinc Complex and Nakhlak Lead and Zinc Plant extracted 89,981 tons of ores during the month to June 20, indicating a 14% rise YOY.
The two producers extracted an aggregate of 977,343 tons of ores in the last fiscal year that ended on March 19, 2020.
Based on plans by the Ministry of Industries, Mining and Trade, after the zinc deposits in Angouran Mine run out, Mehdiabad Mine is expected to become the main supplier of lead and zinc to domestic industries.
Zinc is used in alloys such as brass, nickel, silver and aluminum, and also in galvanizing steel structures. Furthermore, the metal is widely used in the manufacture of products such as paint, rubber, cosmetics, pharmaceuticals, plastic, ink, soap, batteries, textile and electrical equipment.
According to the United States Geological Survey, Iran holds the world's largest zinc, ninth largest copper, 10th largest iron ore, fifth largest gypsum and barite, and 10th largest uranium reserves.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com