West Asian And The Middle East Commodity Market

Anbar Asia

What is the situation of the zinc industry in West Asia (Middle East)? -  The collapse of the mine wall was a double problem that put serious

 For example, receiving 30% duties for the export of ingots, while receiving 4% duties for importing the same goods, paying export bonuses to exporters of minerals and zinc concentrate, while the minerals in the country do not cover the consumption of domestic factories and the shortage is quite noticeable

Iran has a significant presence in the zinc industry

Iran has a significant presence in the Zinc industry. The country possesses substantial zinc reserves and has several operational zinc mines, including the Angouran Mine. Iran aims to expand its zinc production capacity and reduce reliance on imports. The government has encouraged investment in mining and processing infrastructure to increase zinc production and export capabilities. Turkey is another important player in the zinc industry in West Asia. The country has zinc mines, such as the Kayseri Mine, and modern smelters to process zinc ores. Turkey's zinc industry caters to both domestic demand and exports. The country's strategic location between Europe, Asia, and Africa provides opportunities for zinc trade.

The zinc industry in West asia is characterized by a mix of established mining operations, growing production capacities, and efforts to attract investment and develop infrastructure. The region's zinc industry benefits from the presence of zinc reserves, growing infrastructure and construction activities, and a strategic geographical location for trade. However, the industry is still evolving and has room for further development, including exploration of untapped zinc resources, adoption of advanced technologies, and diversification of markets and products.

The situation of the zinc industry in West asian countries, both quantitatively and qualitatively, is very good and commendable, considering the time that this industry has been established in the countries. Of course, considering the age of about 23 years, this industry has seen many ups and downs and has been repeatedly disrespected by the authorities, including increasing the price of consumables without considering the staggering price reduction. 

Zinc ingots in the world (LME) (from $ 317 to $ 720) in the past and the instability and volatility of government policy in the field of mining management and mineral distribution. For example, receiving 30% duties for the export of ingots, while receiving 4% duties for importing the same goods, paying export bonuses to exporters of Minerals and zinc concentrate, while the minerals in the country do not cover the consumption of domestic factories and the shortage is quite noticeable. 

The collapse of the mine wall was a double problem that put serious stress on the industry, reducing unit production by one-third. Currently, the shortage of sulfuric acid, which is one of the most basic needs of the zinc industry, has caused serious problems for the industry, with several factories closing down due to lack of acid, but Middle Eastern factories continue to produce and export zinc ingots. 

The industry is concerned about the state of the mine and the distribution of minerals commensurate with the production capacity of factories. The only solution currently proposed is to pay special attention to the mine and use modern high-capacity tools, equipment, and machinery, use external and internal mining experts, speed up the operation of clearing and tailing and extraction of high-quality minerals.

Oman has made significant strides in developing its zinc industry. The Sohar Zinc Smelter in Oman is a notable facility that produces zinc ingots using advanced technology. Oman aims to establish itself as a regional hub for zinc production, and the government has implemented policies to attract foreign investment and promote industrial growth in the sector. Some other countries in the Middle east have smaller-scale zinc operations. For example, Saudi arabia has some zinc deposits, but the industry is less developed compared to other countries in the region. Other countries such as the United Arab Emirates, Qatar, and Bahrain have limited zinc resources and are more reliant on imports to meet their zinc requirements.

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