According to Tajarat News, Mehrdad Akbarian, the head of the Iron Ore Association of Iran, stated that the exact amount of iron ore reserves in the country is unknown. He explained that the official figures are outdated and based on studies conducted in previous years. Akbarian emphasized the need for more comprehensive and in-depth studies in this area, acknowledging that the actual reserves could be higher.

Akbarian further stated that based on available evidence, the actual reserves are likely even higher than 5 billion tonnes. He explained that the latest official figure was 3.2 billion tonnes, but recent estimates have revised this upward to 5 billion tonnes (potential reserves).

Addressing the extent of exploration activities, Akbarian noted that since the commencement of exploration efforts, 600 million tonnes of iron ore have been extracted.

We are not concerned about a future iron ore shortage.

Akbarian, the head of Iran's Iron Ore Association, acknowledged that while Iran possesses substantial reserves, these reserves could be further enhanced by integrating them into the value chain. He emphasized that technological advancements, increased extraction efforts, and investments in exploration could lead to the identification of even more viable reserves.

Mehrdad Akbarian, the head of Iran's Iron Ore Association, asserted that the country's iron ore reserves exceed 5 billion tonnes. He further stated that Iran's per capita consumption is low and that there is no shortage of iron ore. He emphasized that the country's steel industry has sufficient access to iron ore, and that utilizing modern technology for reassessment could reveal even higher reserve figures, eliminating any concerns regarding iron ore availability.

Addressing the primary challenges in the iron ore sector, Akbarian stated that the current concern lies not in the depletion of iron ore reserves but rather in the numerous issues plaguing the steel industry, such as energy shortages. He emphasized that these challenges can have a detrimental impact on investments in the mining sector and pose a significant threat to the entire steel value chain if left unaddressed.