With An Eye Towards Export Markets, Iran’s Largest Aluminum Plant Opens
Brief Kharon - By Audrey Everist, Alexis Nicholson and Samuel Rubenfeld
Iran’s largest aluminum production facility to date opened this spring, even as the U.S. pressures the country’s metals sector with sanctions.
The South Aluminum Complex, has an initial production capacity of 300,000 tons per year, according to the South Aluminum Corporation (SALCO), its operating company. SALCO was designated in 2018 when the U.S. reimposed sanctions following its withdrawal from the nuclear deal with Iran.
The complex will help Iran increase its production of aluminum by more than 63 percent in the Iranian year ending March 2021, Iranian Industry, Mining and Trade Minister Reza Rahmani said at its inauguration, held April 23.