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FarsNews reported National Iranian Copper Industries Co. said localizing equipment and spare-parts production for mine and smelter expansion projects avoided about €49 mln of foreign-exchange outflows in 2026, bringing cumulative savings to roughly €

2026-08-02

FarsNews reported National Iranian Copper Industries Co. said localizing equipment and spare-parts production for mine and smelter expansion projects avoided about €49 mln of foreign-exchange outflows in 2026, bringing cumulative savings to roughly €125 mln. The company expects to avoid a further c.€76 mln of FX outflows from 2027 expansion projects. In 2026, 7,557 spare parts were produced domestically, valued at about 9 trillion rial; domestication item count rose 17% and domestic-contract value rose 56% YoY. The company said continued localization will reduce import dependence and boost supply-chain autonomy.

Other News
2026-08-03

Lebanese Forces leader Samir Geagea said the crisis can only end if the Iranian collapse regimes or at least changes its behavior and influence.

Lebanese Forces leader Samir Geagea said the crisis can only end if the Iranian collapse regimes or at least changes its behavior and influence.
2026-08-03

Iran's foreign ministry spokesman said the United States, working with certain regional forces, has forcibly opened a southern route through the Strait of Hormuz and that route is not safe.

Iran's foreign ministry spokesman said the United States, working with certain regional forces, has forcibly opened a southern route through the Strait of Hormuz and that route is not safe.
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