The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that Iran’s aluminum ingot production surpassed 350,000 tons in the period between March 21 to October 21, 2024.

Despite the energy restrictions, Iran’s production of aluminum ingot in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) surpassed 635,000 tons, showing an about one percent rise compared to a year earlier.

EghtesadOnline: Things have changed dramatically for Iran's flagship aluminum producer in a year. Iran Aluminum Company has turned from a loss-making producer to a prosperous company with highly sought-after shares.

EghtesadOnline: Iran is on track to launch a new aluminum smelter early next year that would boost the country’s output by 70%, making it self-sufficient in the metal by taking advantage of its rich natural gas reserves.

EghtesadOnline: Iran Aluminum Company is having a hard time keeping its head above the water, as it is posting 20,000 rials ($0.4) in losses for each kilogram of aluminum sold, the company’s managing director said.

EghtesadOnline: Iran will become a net exporter of aluminum from 2019 and plans to increase its domestic production of the metal over the coming years, an official of the Iranian Mines & Mining Industries Development & Renovation Organization told delegates at the Arabal conference in Oman.

EghtesadOnline: Iran didn’t need to take a cue from Saudi Arabia’s success with its Alcoa joint venture Ma’aden Aluminum smelter and downstream operations, as just about every Middle Eastern natural-gas producer with production to spare has invested in aluminum smelting as an easy win outlet for vast natural gas reserves.

EghtesadOnline: Iran plans to add 336,000 tons of primary aluminum smelting capacity in 2018, the planning manager of state-owned mining holding company IMIDRO, Amir Sabagh, told S&P Global Platts.

EghtesadOnline: Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity.

EghtesadOnline: Aluminum is the world’s fastest growing industrial metal and Iran has the potential to be a major player in this sprinting, lucrative sector, according to a presentation made by the London-based Commodities Research Unit Group at the Iranian Mines and Mining Industries Development and Renovation Organization headquarters in Tehran at the weekend.