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"At a time when Iran's economy is tied up with sanctions, limiting its international trade capacities, it managed to sell more than a million vehicles (885,000 passenger vehicles and 128,000 light commercial vehicles) in 2012, enforce Euro IV norms in 8 cities including Tehran, Karaj, Arak, and Tabriz, convert all public cars into Compressed Natural Gas (CNG) compliant vehicles, and successfully implement a vehicle scrappage program to get very old, highly polluting vehicles off the streets of Iran. The prospect of such a country opening up to trade, giving an opportunity for global automotive companies to be a part of its growth, certainly creates buzz in the industry. Iran sold close to 860,000 passenger vehicles in 2014, 88% of which were sold by Iran Khodro Industrial Group (IKCO) and SAIPA under different marquees. With around 11.7 million vehicles on the road, the aftermarket potential is massive and the average age of vehicles is steadily increasing."

Copper production rises in Iran Tehran, June 1, IRNA - The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported on Monday that the production level of copper has increased in Iran in recent years.

ICSG 1 Feb 09 - Based on existing facilities and announced project developments, annual mine production capacity in the period 2009-2013 is expected to grow at an average rate of around 4.3% per year (%/yr) to reach 23.1 Mt in 2013, an increase of around 3.6 Mt (19%) from that in 2009. Of the total increase, copper in concentrate capacity is expected to increase by 2.7Mt (4.3%/yr) to reach 17.9 Mt and solvent extraction-electrowinning (SX-EW) production by 820,000t (4.4%/yr) to reach 5.2 Mt. Most of the new mine projects and expansions are located in Brazil, Chile, Congo, Mongolia, Peru, the United States and Zambia, which together account for around 2.6 Mt (73%) of the projected mine capacity increase during this period. Annual smelter capacity is projected to grow by an average of 2.6%/yr to reach 20.2 Mt in 2013, an increase of 2 Mt (11%) from that in 2009. Asia will be the leading contributor to growth (1.8 Mt), with expansions and new projects expected mostly in China, but also in India, Indonesia and Iran. Africa is the second leading contributor owing to developments in Zambia. North American smelting capacity will fall by 12% (250kt) due to closures of plants in Canada. The ICSG tabulations indicate that world refinery capacity will reach 26.6 Mt in 2013, an increase of 3.2 Mt (13%) from that in 2009. About 2.3 Mt of the expansion is expected to come from electrolytic refineries and 820,000t from electrowinning capacity. Electrolytic refinery capacity growth is projected to average 3.1%/yr, exceeding the projected growth in smelter capacity, and electrowinning capacity growth (at the refinery level) is expected to average 4.3%/yr. About one half (1.5 Mt) of the world refinery capacity increase during this period is expected to come from electrolytic refineries in China; about 25% (830,000 t) from electrolytic capacity increases in India, Indonesia and Iran; and about 20% (600,000 t) from electrowinning capacity increases in Congo, Peru and Zambia.

"Iran's demand for refined copper is small, amounting to just 155kt in 2014. Any easing of trade sanctions is likely to result in a healthy boost to domestic copper demand as the country catches up after its years of isolation. There is also the possible added bonus of increased exports to its neighbours which have wirerod capacity constraints. However, the overall effect on global refined copper demand growth will be limited. "