Plans to Invest $15b in Copper Industry Over Next Five Years

EghtesadOnline: Iran aims to raise the production of the strategic metal from the current level of 280,000 tons of copper cathodes per year to 1 million tons.

News ID: ۷۵۲۱۷۱

07 January 2023

Iran aims to raise the production of the strategic metal from the current level of 280,000 tons of copper cathodes per year to 1 million tons.

T he Ministry of Industries, Mining and Trade has announced plans to invest $15 billion over the next five years for boosting its copper production.

Minister of Industries, Mining and Trade Reza Fatimi-Amin has been quoted as saying by the ministry’s website that the investment plan would have a significant impact on the country’s copper exports.

Currently valued at $1.7 billion per year, the exports will see a dramatic jump to more than $10 billion, he added.