Iran exported more than 26.44 million tons of mineral products worth over $3.62 billion during the first five months of the current Iranian year (started March 21), registering a 5.3% and 1.1% growth in tonnage and value respectively compared with last year’s corresponding period<\/p>\n
According to Madan 24, Mineral imports during the same period stood at 2.12 million tons worth $1.51 billion, registering a 9.5% decline and 1.5% increase in tonnage and value respectively year-on-year.<\/p>\n
Semi-finished steel and steel products took the lion\u2019s share of exports in terms of value, as 4.12 million tons worth $1.46 billion were shipped overseas, up 14.3% in volume and down 13% in value YOY.<\/p>\n
Iron ore followed with 7.37 million tons worth $413.2 million. The volume of shipments declined by 0.4% as value recorded a solid uptick of 42%.<\/p>\n
Copper and copper products came next with 304,099 tons valued at $303.26 million, down 21% and 30% in tonnage and value respectively. The downturn is mostly due to last year\u2019s post-JCPOA spike in copper exports.<\/p>\n
Other exported mineral commodities during the five-month period included cement with 6.85 million tons worth $248.9 million, stones with 2.82 million tons worth $170.91 million, aluminum with 154,453 tons worth $169.19 million tons, zinc with 91,572 tons worth $160.28 million, lead with 54,400 tons worth $79.87 million, ferroalloys with 13,188 tons worth $21.58 million and chrome with 136,452 tons worth $19.73 million.<\/p>\n
About 1,702 tons of molybdenum worth $15.45 million, precious mineral (gold, silver etc.) with 31.5 tons worth $9.47 million, coal with 73,356 tons worth $8.26 million, nickel with 23.3 tons worth $127,314, titanium with 56.7 tons worth $113,016, mica with 48.9 tons worth $42,038, antimony with 24.4 tons worth $26,635, and \u201cother minerals\u201d with 4.42 million tons worth $538.9 million were also exported.<\/p>\n
Crude steel and steel products had the largest share among Iran’s imports of mineral commodities, as 1.15 million tons worth $863.4 million were imported, down 29% and 18% in tonnage and value respectively YOY.<\/p>\n
Aluminum followed with 311,207 tons worth $190.65 million, up 120% and 52% YOY.<\/p>\n
Iran is home to 68 types of minerals with more than 37 billion tons of proven reserves and 57 billion tons of potential reserves.<\/p>\n
According to the US Geological Survey, Iran holds the world’s largest zinc, ninth largest copper, 10th largest iron ore, fifth largest gypsum and barite, and 10th largest uranium reserves.<\/p>\n
Overall, Iran is home to more than 7% of global mineral reserves.<\/p>\n
Source: Financial Tribune<\/p>\n","protected":false},"excerpt":{"rendered":"
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