Iran: Hossein Modares Khyabani, the former head of the Ministry of Industry, Mine and Trade, has called for cement to be traded on the Mercantile Exchange, a commodities exchange based in Tehran. He hoped that the move would enable cement producers to upgrade plants and increase exports, according to the Islamic Republic News Agency. The aim is to have producers generate mhigher profits and build infrastructure development.
Local cement production grew by 13% year-on-year to 68Mt in the Iranian calendar year to March 2021. However, gas, electricity and transportation costs all grew significantly during the period.