The CEO of Iran Alumina Company announced plans to export 350,000 tons of aluminum ingots this year.

“Last year, the company exported 200,000 tons of aluminum ingots to foreign markets,” said Touraj Zare, CEO of Iran Alumina Company.

He mentioned the aluminum ingot price surge due to Russia-Ukraine war and believes that this is a perfect time to develop this product to foreign markets.

“Due to the weakness of the country in supplying bauxite as a raw material for aluminum production, the use of low-grade bauxite soils with local knowledge is a solution,” he mentioned.