Production of copper cathode in Iran increased six percent during the first half of the current Iranian calendar this year as compared to the same period last year. Copper cathode output was recorded at about 139,900 tons during the period under reviews, while the budgeted figure was 130,015 tons. Monthly copper cathode production was 24,198 tons or 10 percent higher than the figure of the same month in the previous year.
Production of copper cathode this year is budgeted at 280,000 tons as against reported production of 250,000 tons last year.
In early May, four development projects worth slightly more than US$952 million were inaugurated in the copper sector of Kerman Province in the southeast of Iran.
The projects inaugurated in Khatoon Abad Copper Complex included increasing the capacity of copper smelting in the complex, building a copper concentrate storage, construction of a sulfuric acid production plant, and an oxygen supplying unit.
By putting the first project into operation, the complex’s capacity for producing copper anode rose by 50 percent to 120,000 tons, and the country’s copper smelting capacity rose to 400,000 tons. This project created jobs for 120 persons.
The second project, which was the construction of a 60,000-ton storage facility, was implemented at the cost of about US$3.7 million plus three million euros, creating jobs for 250 people. The third project was valued at about US$17.8 million plus 100 million euros and the fourth one was put into operation at the cost of about US$4.5 million plus 31 million euros.
Iran has seen its copper exports doubled in the past Iranian calendar year despite a series of bitter sanctions imposed by the United States aimed at hampering the Islamic Republic’s trade of metals.
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