Poging GOUD - Vrij

Iran Orders Material From China For Hundreds Of Ballistic Missiles

Mint Kolkata

|

June 07, 2025

Iran has ordered thousands of tons of ballistic-missile ingredients from China, people familiar with the transaction said, seeking to rebuild its military prowess as it discusses the future of its nuclear program with the U.S.

- Laurence Norman

Shipments of ammonium perchlorate are expected to reach Iran in coming months and could fuel hundreds of ballistic missiles, the people said. Some of the material would likely be sent to militias in the region aligned with Iran, including Houthis in Yemen, one of the people said.

Iran wants to bolster regional allies and rebuild its arsenal while it pushes deeper into contentious talks with the Trump administration over its nuclear program. Iran has continued to expand its stockpiles of uranium enriched to just below weapons grade and ruled out negotiating limits on its missile program.

President Trump said he discussed the negotiations in a call with Russia's President Vladimir Putin. "Time is running out on Iran's decision pertaining to nuclear weapons," Trump wrote Wednesday in a social-media post.

An Iranian entity called Pishgaman Tejarat Rafi Novin Co. ordered the missile ingredients in the past few months from Hong Kong-based Lion Commodities Holdings Ltd., people familiar with the order said.

Lion Commodities director Nelson Barba didn't respond to a request for comment. Pishgaman couldn't be reached for comment. Iran's mission to the United Nations didn't respond to a request for comment. A Chinese Foreign Ministry spokesperson said China wasn't aware of the contract.

"The Chinese side has always exercised strict control over dual-use items in accordance with China's export control laws and regulations and its international obligations," the spokesperson said.

MEER VERHALEN VAN Mint Kolkata

Mint Kolkata

Mint Kolkata

The dollar is far from dead and the yuan is not staging a coup

Greenback doomsayers got it wrong. The dollar's reign is not over

time to read

3 mins

October 10, 2025

Mint Kolkata

Mint Kolkata

Sebi's Ananth Narayan steps down

Narayan headed market regulation and the department dealing with foreign investors.

time to read

1 min

October 10, 2025

Mint Kolkata

Mint Kolkata

Corporate governance needs to go well beyond mere compliance

Shareholders now demand more than mere regulatory compliance to monitor the governance of companies they partly own

time to read

3 mins

October 10, 2025

Mint Kolkata

Intel unveils new tech in turnaround push

Intel Corp., the embattled chipmaker now backed by the US government, introduced new products and manufacturing technology that are central to its turnaround bid.

time to read

1 min

October 10, 2025

Mint Kolkata

Shipbuilding stocks are likely to stay anchored

India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence.

time to read

3 mins

October 10, 2025

Mint Kolkata

Silver ETFs fired up by scarcity, festivals

Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.

time to read

1 min

October 10, 2025

Mint Kolkata

Go First files plea against Air Works

Bankrupt airline Go First has filed a fresh plea before the National Company Law Tribunal (NCLT), Delhi, seeking the release and disclosure of several aircraft components, primarily small tyres and wheels, that it claims are being withheld by maintenance, repair and overhaul (MRO) firm Air Works India (Engineering) Pvt. Ltd, a subsidiary of the Adani Group.

time to read

1 min

October 10, 2025

Mint Kolkata

Mint Kolkata

Nestlé looks beyond Maggi, bets on India petcare boom

Nestlé SA sees India as a potential top-three global petcare market after the US and China

time to read

2 mins

October 10, 2025

Mint Kolkata

Mint Kolkata

Tax residency depends on your travel pattern and primary base

I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.

time to read

2 mins

October 10, 2025

Mint Kolkata

It is time to strengthen India-Afghanistan ties

An Afghan minister's visit right after New Delhi joined hands with other countries to rebuff America's eyeing of Bagram offers us a chance to re-imagine the regional balance of power

time to read

2 mins

October 10, 2025

Listen

Translate

Share

-
+

Change font size