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Concerning the distribution map of copper deposits of Iran, the following zones of copper mineralization can be delineated:
1.Orumieh-Dokhtar Zone, which is further divided into three areas viz. Southern (Kerman), Central (Anarak-Kashan) and Northern.
2.Western Alborz Zone (Taleghan-Tarom-Hashtjin belt)
3.Sabalan Zone (west of Ardebil, Ahar-Jolfa belt)
4.Kavir-Sabzevar Zone (Binaloud and Taknar areas)
5.Lut Zone
6.Makran Zone
While there are indications of copper mineralization in Iran from Upper Proterozoic to Pliocene, most of the copper deposits of the country belong to Tertiary (especially Oligocene and Miocene) time. Phases of copper mineralization in Iran can be categorized into the followings:
Upper Precambrian-Cambrian; with no major copper deposits but a few indications.
pper Paleozoic; which are in association with some of the metamorphic rocks of Late Paleozoic e.g. Taknar Series with are igneous or pyroclstic in origin.
Cretaceous-Paleocene have indications of massive sulphide reserves of copper associated with ophiolite suites.
Tertiary contains most of Iran's copper reserves which are closely related with the Neogene domal structures.
Over 500 deposits and indications of copper are known to exist in Iran but only 100 of them have been subjected to scientific survey and investigation, 10 of which are actively mined. The total reserves of the country based on the results of surveys carried out till date are estimated at around 3 billion tons of ore containing more than 30 million tons of copper. This comprises about 7 percent of the world's known reserves putting Iran in the sixth or seventh position in the world in terms of copper reserves. Nevertheless, explorations work on all the known copper indications are not yet complete and the chance of having new finds (especially of porphyry type) can not be ruled out.
Considering the geology of the copper deposits of Iran, it can be definitely stated that the amount of resources are much more than what has been discovered till date. Potentially, Iran must contain more than 10 percent of the world's copper reserves.

Tradable Contracts in IME
1- Spot Contract : In this contract, the buyer should pay the contract total price plus the broker’s fees in cash and seller must supply the traded goods to the buyer within a maximum of three days.
2- Forward Contract :In this contract, the buyer pays the contract total price at the time of transaction and seller will supply the goods on the agreed date and time.
3- Contract on Credit :In this contract, commodity is supplied to buyer immediately and its price is paid to seller on maturity date.
4- Futures Contract:In this contract, the seller commits to sell a specified amount of an underlying asset to the buyer against a specified amount of money on a specified maturity date, the seller delivers the asset at a specified maturity and the buyer pays the amount of the contract. The parties authorize the clearing house to withdraw from their collateral an amount proportional to price fluctuations and trend. Either party may, before maturity date, and through conversion of commitment, transfer its obligations to a third party, and exit of contract after settlement. All contracts shall be settled on the agreed maturity date.
5- Options Contract:This includes call option and put option.

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Iran Copper

About IME
Tehran Metal Exchange merged with Iran Agricultural Exchange in Dec. 2006 and formed IME Company (IME) according to the approval of the Exchange Supreme Council and the new Act of Securities and Stocks Market of Tehran Stock Exchange. Following the subscription and holding of general meeting, the Iran Mercantile Exchange Company started its activities on 23 Sept. 2007. Now IME, having experience of over 6 years, is engaged in trading of mineral and metal products, petroleum and petrochemical products and agricultural products in spot, credit and forward contracts and also have Launched futures contracts on Copper Wire and Gold bullion and coins which will be generated on other products.
Thanks to the position of the petroleum and petrochemical industry and the role of as a key player in the regional and international markets, the Iranian administration decided to establish the oil and petrochemicals exchange and the responsibility of creating this new exchange was delegated to IME Company.

Oil Exchange
Pursuant to the resolution of the Iranian administration on launching the oil exchange in two phases and specifying the Kish Island which is a free trade zone as the venue for trading the oil contracts the following measures have been taken:
The launching of the Phase I of the exchange for petrochemicals and downstream products of the oil industry. This phase commenced on February 19, 2007 both in Kish Island and Tehran identically and up to the moment all of the petrochemicals and some of the oil products including bitumen, naphtha and base oils have been offered and traded in the exchange. The total quantity traded within this period amounts to 7,674,860 metric tons.
The Kish trading floor with a state-of-the-art and modern premises and launched operation from December 22, 2008. Due to the rules and regulations for the free zones the international and foreign traders and businesses are free to come to do their transactions in Kish without restrictions.
Currently, the transactions of exporting commodities and contracts of IME in oil-based products and petrochemicals are executed in the Kish trading floor.

Trading System
Trading in IME is based on open outcry auction using electronic platform, an interaction of bids and offers made by the buying and selling brokers. Orders, already placed by the clients, are entered in the system by the brokers sitting behind their stations in the trading floor.
There are three different phases in each commodity ring:
Green Time:
in which orders are entered by the selling broker and the buying brokers.
Yellow Time:
also known as auction period in which the seller is allowed to come down in price
Red Time:
also known as competition period. It commences When the demand quantity exceeds the quantity and all of the buying brokers have already accepted the price in yellow time. At the end of the period the highest price is assigned the requested quantity.

Iran Official Copper Prices

Please Select Year (default year is 1390) :
1386 1387 1388 1389 1390 

Please Select Month (default month is Mordad) :
Farvardin   Ordibehesht   Khordad   Tir   Mordad   Shahrivar   
Mehr   Aban   Azar   Day   Bahman   Esfand   

Cat. Price = Cathode Price (Rials/kg)
Cat. Volume = Cathode Volume (MT)

W. Price = Wire Price (Rials/kg)
W. Volume = Wire Volume (MT)

  • Date
  • 1390/05/02
  • 1390/05/16
  • 1390/05/23
  • 1390/06/20
  • Cat. Price
  • 102952
  • 102146
  • 94462
  • 99656
  • Cat. Volume
  • 2960
  • 1660
  • 5000
  • 2020
  • W. Price
  • 105272
  • 104467
  • 96787
  • 102088
  • W. Volume
  • 1900
  • 1820
  • 3540
  • 2020

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