Copper $ 5.4095 / lb -0.33%

Brent Crude Oil $ 59.8 / bbl -1.39%

Palladium $ 1762 / ozt 5.89%

Crude Oil $ 55.99 / bbl -1.37%

Natural Gas $ 4.154 / Btu 0.90%

Silver Futures $ 66.28 / ozt -0.35%

Aluminum Futures $ 2906.75 / ton 0.08%

Micro Gold Futures $ 4353.8 / ozt -0.41%

Micro Silver Futures $ 66.29 / ozt -0.23%

Platinum $ 1953.1 / ozt 1.11%

Gold Futures $ 4354 / ozt -0.40%

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Iran Invests $7 Bln in Copper Industry/Iranian Copper Production to Reach 700K Tons

Moj News Agency | November 20, 2011 | 5:49 pm Base Metals Europe Copper

The head of National Iranian Copper Industries Co (NICI) has insisted that with the $7 billion investment made in the industry, copper production will hit 700,000 metric tons. According to Ardashir Sad Mohammadi, managing director of NICI Co, more than 40…