Tuesday, September 13 2016 17:28
Alina Hovhannisyan

In H1 2016 Armenia increased copper ore export by 29.4%, reducing zinc and molybdenum concentrate export by 53-61%

In H1 2016 Armenia increased copper ore export by 29.4%, reducing  zinc and molybdenum concentrate export by 53-61%

ArmInfo. In H1 2016,  Armenia increased the copper ore export by 29.4% (versus 57.2% growth  a year before), reducing the zinc and molybdenum concentrate export  by 52.7% and 61.1%, respectively (versus 8.9% and 28.8% growth a year  before), according to the Customs Service of Armenia. 

In H1 2016, copper ore exports amounted to 185.1 thsd tons (versus  143 thsd tons a year before), with the customs value growing by 1.2%  to $160.3 mln (versus $158 mln in H1 2015). The copper ore was mostly  exported to Bulgaria (50.2%), Georgia (27.6%), China (16.2%) and  Romania (6%).

The molybdenum concentrate exports amounted to 210.3 tons (versus  540.8 tons a year before, with the customs value dropping by 75.3% to  $938.4 thsd (versus $3.8 mln in H1 2015). The molybdenum concentrate  was totally exported to the Netherlands. 

In H1 2016, Armenia exported 3.1 thsd tons of zinc concentrate  (versus 6.6 thsd tons a year before), with the customs value dropping  by 57.7% to $2.7 mln (versus $6.5 mln a year before). The zinc  concentrate was totally exported to Belgium. 

The export of ores containing precious metals dropped by 18.4% to 2.5  thsd tons versus 3 thsd tons a year before, with the customs value  falling by 18.2% to $11.9 mln (versus $14.6 mln in H1 2015). China  was the only buyer of the ore. 

To note, in 2015, Armenia increased the copper ore exports by 67%,  with the customs value growing by 34.2%. The molybdenum concentrate  exports rose by 6.6%, with the proceeds dropping by 34.1% due to the  decline in the ore prices on the global market. In 2015, Armenia  decreased the zinc concentrate exports both quantitatively and in the  value terms - by 1.4% and 13%, respectively. The exports of ores  containing precious metals grew by 12%, with the customs value  dropping by 3.5% due to the fall in global prices. 

The National Statistical Service of Armenia reports that in H1 2016  the copper concentrate output grew by 31% to 192.6 thsd tons, while  the molybdenum concentrate output fell by 7.9% to 5253 tons and the  zinc concentrate output fell by 48.7% to 3528 tons. Throughout 2015,  the output of copper concentrate totaled 315.6 thsd tons (up 64.1%  versus 2014), molybdenum concentrate - 10.4 thsd tons (down 11.6%),  and zinc concentrate - 11.3 thsd tons (down 23%).


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