Iran's copper conc output to rise by 400kt this year; 2020 exports up despite US sanctions

National Iranian Copper Industries Co’s (NICIC) three copper-related projects will come online this year to produce an extra 400,000 tonnes of copper concentrate, according to local media reports.

That could bring in an estimate revenue of $800 million to the company, which was established by the Iranian state and was subsequently privatized, according to a Tehran Times report on April 6 that cited NICIC managing director Ardeshir Sa'd-Mohammadi.

Sa'd-Mohammadi was further quoted as saying the country’s copper exports increased last year, despite the negative...

Published

Julian Luk

April 12, 2021

13:31 GMT

London