Facing decades of sanctions pressure, the Islamic Republic is no stranger to financial and trade mechanisms which can sidestep the dollar and Western-dominated financial institutions. In the past two months, the nation made two giant steps toward an alternative financial world order, joining the Shanghai Cooperation Organization and BRICS.
According to Iranian state television, Mohammad Hadi Ahmadi, an official from the Ministry of Industry, Mines and Trade of Iran, said recently that a huge lithium deposit was discovered for the first time in Hamadan Province in the west of the country.
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Iran claims to have discovered a massive lithium deposit for the first time ever as demand for the raw material sores as the world races to go electric.