Iran’s exports of mining products climbed to a record $1.29 billion in the Iranian calendar month ending in June 21, according to customs statistics.
Iran’s export of mineral products in the last fiscal year (ended March 20, 2021) stood at 55 million tons worth $7.6 billion, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
Iranian President Hassan Rouhani has inaugurated the country’s largest iron ore pellet plant in the central city of Bafgh as his government moves ahead with plans to expand Iran’s largely untapped mining and metals sector.
Iran’s minister of industry, mine and trade says construction materials accounted for 70 percent of total exports of $10 billion from Iran’s mining industry over the past calendar year.
An executive order by Donald Trump about sanctioning exports of several Iranian metals will have very little impact and is nothing new for the Iranian producers.
Stones, clay, bricks, tiles and carbon are the most favoured raw materials that Ankara bought from Iran during the April-November period.