ZIDCC Exports 80% of Zinc Output
ZIDCC Exports 80% of Zinc Output

ZIDCC Exports 80% of Zinc Output

ZIDCC Exports 80% of Zinc Output

Zinc Industry Development Commercial Company sold over 36,000 tons of zinc ingots during the first half of the current Iranian year (started March 20), over 80% of which were exported, according to managing director of the company, Abolfazl Banan.  Turkey, India, China, South Korea, Indonesia, Pakistan, the UAE and Iraq were the main export destinations, Minews reported. ZIDCC is the commercial agent of Iran’s largest lead and zinc mining holding, Iran Zinc Mines Development Company. The managing director said the company is planning to increase its annual production capacity to 260,000 tons in the near future, before expanding its export destinations by registering at the London Metal Exchange–the world’s largest market in options and futures contracts on base and other metals. Banan explains that the push to expand exports is mostly due to the low domestic demand for lead and zinc ingots.

Short URL : https://goo.gl/Alz8aI
  1. https://goo.gl/1oMZi1
  • https://goo.gl/CHqVhk
  • https://goo.gl/0tUOpv
  • https://goo.gl/giUgXs
  • https://goo.gl/vEWV5u

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.