Page 54 - IRANRptMay21

Turkey in February, and 817 in January to February.
Russians were in third place in February, buying 259 residences.
Azerbaijani citizens purchased 77 properties, while Kazakh investors purchased 119 in February.
In total, 2,964 properties in Turkey were sold to foreigners in February, marking a 26% y/y decline from 4,005.
Property sales in the coming spring and summer months are likely to see an uptick as coronavirus (COVID-19) restrictions are eased, allowing more travellers to enter Turkey.
bne IntelliNews spoke with one Iranian realtor targeting buyers from his native country from a base in Istanbul.
“Iranians have been among the top investors in Turkey's real estate market over the past [few] years but they have become the top buyers since last year, surpassing investors from Iraq, and Russia among others,” said the businessman, who asked to remain nameless.
He added: “The reason is quite obvious, of course. Iran has been under enormous economic pressure from the US administration under [now ex-president] Trump and the economy is in a terrible condition... Add in high inflation and the continued depreciation of the national currency and you have all the reasons they look for for emigration.”
“With the limited number of options for most Iranians, Turkey is one of the best choices for them. It is just next door. The cost of living is lower than in other countries and the two countries share many religious and cultural values,” he concluded.
9.1.11 Metallurgy & mining sector news
Iran’s annual mineral exports fall 11% to $7.6bn
Iran’s NICIC says set to add 400,000 tonnes of ‘copper conc’ output
The value of Iran’s mineral product exports fell 11% y/y to $7.6bn in the 2020/2021 Persian calendar year (ended March 20) at a volume of 55mn tonnes, 21% down year on year, according to the Iranian Mines, Mining Industries Development and Renovation Organisation (IMIDRO), the Financial Tribune reported on May 2.
Tehran has in recent years attempted to boost its mineral exports to help counter dwindling oil sales amid US sanctions. But the coronavirus crisis likely hindered that effort last year.
The data showed steel exports worth $4.1bn and copper exports worth $958mn. A figure of $758mn was given for cement shipments.
The value of mineral product imports was 6% up year on year to $3.4bn at 4.15mn tonnes, 13% up year on year.
National Iranian Copper Industries Co’s (NICIC’s) three copper-related projects are set to come online this year to produce an extra 400,000 tonnes of copper concentrate, according to local media reports.
The projects would bring the privatised company estimated additional revenue of $800mn, according to a Tehran Times report that cited NICIC managing director Ardeshir Sa'd-Mohammadi.
Production of copper concentrate in Iran rose 6% y/y during the 11 months from March 20, 2020 until February 18, 2021 (namely, the first 11 months of the past Iranian calendar year). Over 46mn tonnes of copper concentrate was produced in the time span.
Used as raw materials in copper smelting, copper concentrates have a copper content of about 30% by weight. The remainder consists mostly of sulfur and iron. Copper concentrates are made mostly from sulfide ores.
54 IRAN Country Report May 2021 www.intellinews.com