News List
Strong Objection of Minister of Industry, Mine &Trade to the Power Outages of Self-Supplying Industries
The Minister of Industry, Mine, and Trade, while criticizing the power outages and restrictions imposed on industries that generate their own electricity, emphasized the necessity of prioritizing the consumption of this electricity within the production units themselves. According to IRNA, quoting by the Ministry of Industry, Mine and Trade, Seyed Mohammad Atabak noted: sustainable…
In a meeting attended by Managing Directors of major mine &mining industries companies
Aghajanlou emphasizes the formation of a working group to resolve the challenges of foreign exchange & exports in the mine and mining industries sector. The Chairman of the Executive Board of IMIDRO at the “Review of Developments in Iran and Global Financial Markets” meeting, called for the formation of a working group to resolve…
China quietly issues 2025 rare earth quotas
China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector. The quotas are closely monitored as a barometer for the global supply of rare earths, a…
Supreme Leader approves National Development Fund’s investment in energy sector
Ayatollah Seyyed Ali Khamenei approved the National Development Fund’s investment in energy sector. According to IRNA , The CEO of the National Development Fund Mehdi Ghazanfari says Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has granted permission to invest in the energy sector, including oil, gas, and electricity. Addressing a meeting of…
India has reached a steel production capacity of 205 million tons per year
India’s steel production growth rate has surpassed China and the global market India reached its target steel production capacity of 205 million tons per year in the 2024/2025 fiscal year. According to a report by MP Financial Advisory Services LLP (MPFASL), the country is steadily moving towards its strategic goal of 300 million tons…
EU reduced DRI imports by 15% y/y in January-May
This figure was influenced by the almost complete cessation of imports by Germany and the Netherlands In January-May 2025, the European Union reduced imports of direct reduced iron (DRI) by 15.8% compared to the same period in 2024, to 1.01 million tons. This is evidenced by GMK Center calculations based on Eurostat data. The…
Public Relations Policy Council of Mine and Mining Industries meeting
The fourth meeting of the Public Relations Policy Council of Mine and Mining Industries regarding “strategy in crisis situations” was held by the Public Relations of IMIDRO and with the presence of Elyas Hazrati, head of the government’s Information Council, and the council’s members at IMIDRO. According to IMIDRO’s public relations, the head of…
Global scrap consumption declined in most regions in Q1
The decline was recorded in China, the USA, the EU, Japan, South Korea and Turkey, while India saw an increase In the first quarter of 2025, global consumption of ferrous scrap decreased in most key regions. According to the World Association of Recyclers (BIR), scrap use declined in China, the EU, the US, Japan,…
Minister of Industry, Mine and Trade: We insist on the development of the copper industry
In some mineral materials, we reached the 1404 (Iranian calendar) target horizon therefor we do not insist on development in these areas, but there is emphasis on copper. According to IRNA, Seyed Mohammad Atabak in a meeting with economic activists in southern Kerman stated: Copper is considered as one of the areas of development…
China reduced iron ore production by 9.1% y/y in 1H2025
In June, raw material production amounted to 88.97 million tons According to data from the National Bureau of Statistics of China (NBS), Chinese mining companies reduced iron ore production by 9.1% year-on-year to 508.59 million tons in January-June 2025 compared to the same period in 2024, SteelOrbis reports. In June, ore production in the…
