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Wednesday, March 7, 2007

China lifts limits on anode exports to Iran

Recent limitations imposed on the exports of China's anode to Iran have been lifted, said an official with Iran's major aluminium producer, Almahdi Aluminum Corp.

Anode and alumina are the main raw material required for the production of aluminium.

Iran's annual imports of anode from China hit around 60,000 tons.

Currently, Iran produces around 40 percent of its alumina requirements and the rest is imported from foreign sources, including China.

However, upon completion of an alumina production plant in the country, the nation's need for the commodity is expected to be significantly reduced.

Annual aluminium production at Almahdi Aluminum Corp. stands at 110,000 tons, of which some 100,000 tons have been so far produced, noted Mehdi Saqafi.

He also explained the company requires around 220,000 tons of alumina per annum to produce such amount.

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