News List
Iran to add 22,000MW to its power plants capacity
Head of Iran’s Power Generation, Distribution, and Transmission Company (known as Tavanir) Mostafa Rajabi Mashhadi has said the country’s Energy Ministry plans to construct new power plants with a total capacity of 22,000 megawatts (MW) across the country, IRNA reported on Friday. Stating that in the past three years, up to three billion dollars…
Australia’s Rio Tinto iron ore production declines
Iron ore production of Rio Tinto Mining Company of Australia fell by 2% in the first half of this year to 157.4 million tonnes. Production in the second quarter of the year also decreased by 2% year-on-year to 79.5 million tonnes. The production of bauxite in these six months was 28.1 million…
Production of more than 6 million tons of steel products in the country
The Executive deputy of the Association of Steel Producers and Exporters of the country stated: spring of the current year, 6 million and 28 thousand tons of steel products were being produced, 1.2 percent more than same period last year. He added: “regarding the export of steel products, an increase is being seen,…
The MENA Green Steel Conference 2024 will be held in Dubai in September
The steel industry’s transition to sustainable and greener steelmaking will vary across different continents and regions. Steel producers in Western countries have already begun investing in improving steel industry sustainability and the market is likely to see a more rapid adoption of low-carbon technologies compared with steel producers in China and India, where the…
3.2% growth/Iran’s economy in 2024
The World Bank (WB), in its latest report, predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35.3 percent. According to the estimate of the international body, Iran’s economy experienced a five percent growth and a 40.7 percent inflation in 2023. The bank has forecast that…
Goldman Sachs leaves iron ore price forecast unchanged for the second half of the year
The bank’s analysts believe that the price of this raw material will be around $100/t by the end of the year US investment bank Goldman Sachs has not changed its iron ore price forecast for the second half of 2024, The Australian Business Review reports. The bank’s analysts continue to expect the price of…
The country’s definite iron ore reserves are about 2.8 billion tons
The secretary of the Iranian Iron Ore Association stated: “At present, there are about 2.8 billion tons of definite reserves of Iranian iron ore with a grade of 48 percent in the country.” Saeed Askarzadeh, the secretary of the Iranian Iron Ore Association, while pointing out that Iran’s iron ore reserves are determined…
Chinese deep-sea mining vehicle reaches 4,000m depth in trial run
China has taken a key step in the global race to explore the ocean floor for minerals after one of its deep-sea mining vehicles reportedly broke multiple national records during a recent trial operation. The “Kaituo 2” — also known as “Pioneer 2” in English — successfully completed an experiment in the Pacific Ocean…
Iran is the 10th largest exporter of iron ore in the world in the first half of 2024 / Iran’s exports of 9 million tons with a growth of 27%
The infographic has been published by the Big Mint website, in which it introduces the world’s 10 largest iron ore exporters in the first half of 2024. In the infographic, Iran was the world’s tenth-largest exporter of iron ore in the first half of 2024, during which 9 million tons of iron ore…
Iron ore will fall below $100
Australian analysts expect the price of iron ore to fall to $96 per tonne this year, and to reach $84 and $77 per tonne in 2025 and 2026, respectively.The Australian Department of Industry, Science and Resources predicts that iron ore prices will drop to $96/ton in 2024. At the same time, in 2025 they…
