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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."

"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. "