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Monday, September 3, 2018 - 5:18:40 PM
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Mining News Pro - The Iranian aluminum company (IRALCO), the deputy director of trade, announced the deep divide of aluminum prices between stock exchanges and the free market.
According to Mining News Pro -Seyyed Ali Beheshti added that this abnormal gap was more due to the difference in the government`s exchange rate.
He said producers on the stock exchange should convert their exchange rate to Rls 4,000 and 200 tomans, but in the free market this trend is calculated at the exchange rate.
Deputy Director of Commerce of Iran`s Aluminum Company, referring to the fact that the government will undoubtedly stop the cycle of aluminum production units in the country, will be stopped by the government`s instructions. Industrialists in this field will produce their raw materials with the secondary market exchange, but with the government`s instructions, Submit yourself at an official rate.
Beheshti stated: "All the raw materials of the aluminum industry are imported from abroad, and none of the materials required by this industry is sufficiently developed in Iran."
He said the government did not allocate four thousand and 200 dollars for aluminum to the aluminum industry four weeks ago, and the exchange of all the materials needed by the industry through the secondary market will be provided at higher rates.
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https://www.miningnews.ir/En/News/251855
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