News ID: 238913
Published: 0436 GMT February 15, 2019

Iran copper cathode production increases

Iran copper cathode production increases

Iran produced 200,000 tons of copper cathode during March 21, 2018-January 20, 2019, which marks a 61-percent rise compared to the figure for the same time span in the preceding year which was 124,000 tons.

According to IRNA, the country also produced 257,833 tons of copper anode during the period which shows a 68-percent growth compared to the output for the same duration a year earlier which was 153,470 tons.

Managing director of National Iranian Copper Industries Company (NICICO) said in May 2018 that Iran plans to take a ranking among the top 10 copper cathode producers in the world by 2025.

In 2025, Iran's copper cathode production capacity will reach 655,000 tons, Mohammadreza Baniasadi said.

The official added that Iran's copper reserves stand at 21 million tons which amount to 1.3 percent of the global total.

He said that the NICICO's copper concentrate production capacity stands at over 1.2 million tons per year and, based on the 2025 development plan, this figure is set to reach 2.5 million tons.

At present, six copper mines are operating in the country.

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