The ISF smelter at Veles was commissioned in October 1973 with a capacity of 65kt/a ISF zinc and 35kt/a lead. In June 2003 the smelter was "temporarily" closed for an indefinite period. In 2008 Veles city council approved site clean up and redevelopment. However in 2009 the site was bought by Metrudhem who stated that they wanted to restart the smelter. There was much local opposition to the plan and the smelter did not restart. As such it is assumed that the smelter will never restart.