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Six-month mineral exports up 9%, exceed $5b

Tehran, Iran exported minerals valued at $5.1 billion during March 21-September 22, 2018, indicating a 9.5-percent growth compared to the figure for the same period last year.

The share of mining industry in Iran's total foreign trade during the same six-month period indicated growths of 22 percent and 7.5 percent year-on-year in terms of exports and imports, respectively, according to a report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

IMIDRO's report further said that in the same duration, Iran exported 5.5 million tons of steel valued at $2.5 billion. The country's overseas sales of steel, in this period, witnessed a 20-percent growth in term of weight compared to last year's figure.

The report said although lower weight-wise due to greater concentration on overseas sales of copper cathode instead of concentrate, the value of Iran's copper exports in the said time-span amounted to $482 million showing a 33-percent rise.

IMIDRO report added during March 21-September 22, 2018, Iran exported cement worth $315 million � up three percent year-on-year.

The total weight of Iran's mineral exports in the said six-month period decreased 9.6 percent due to the industry's increased focus on supplying domestic market and a change, in terms of purity, in the Chinese market's demand for iron ore.

Source: Iran Daily

Source: Islamic Republic News Agency - IRNA

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