Tuesday, January 31 2017 20:01
Alina Hovhannisyan

In 2016 metallurgy sector of Armenia experienced 11.1% y-o-y decline versus 0.5% decline in 2015

In 2016 metallurgy sector of Armenia experienced 11.1% y-o-y decline  versus 0.5% decline in 2015

ArmInfo. In 2016, metallurgy  output in Armenia experienced 1.1% year-over-year drop versus 0.5%  decline in 2015. The ferromolybdenum output in   Armenia rose by  16.9% to 6518 tons. The National Statistical Service of Armenia  reports that in December alone the ferromolybdenum output made up 648  tons (6.6% more than in Nov 2016).

In Jan-Dec 2016, the output of molybdenum concentrate grew by 2.1% to  10,662 tons (up 3.1% to 902 tons in Dec 2016); blister copper output  rose by 11.4% to 12,920 tons in Jan- Dec 2016 (down 2.4% to 1264 tons  in Dec 2016); copper concentrate output grew by 23.1% to 388.5 thsd  tons in Jan-Dec 2016 (down 1% to 31 thsd tons in Dec 2016).   

The aluminum foil output in Armenia fell by 2.1% to 29,011 tons in  Jan-Dec 2016 versus Jan-Dec 2015 (up 18.4% to 2801 tons in Dec 2016);  the output of steel pipes fell by 22.6% to 8022 tons (down 31.9% to  710 tons in Dec 2016); rolled aluminum output fell by 47.7% to 5.6  tons in 2016, zinc concentrate output declined by 30.3% to 7891 tons  (down 10.1% to 532 tons in Dec 2016). 

All metals manufactured in Armenia are exported mostly to Europe and  the United States.

To note, in 2015 the metallurgy sector of Armenia reduced its output   by 15%.  Particularly, the output of ferromolybdenum dropped by   14.6%, molybdenum concentrate - by 11.6%, rolled aluminum - by  45.7%, zinc concentrate - by 23%. At the same time, the output of  blister copper increased by 18.2%, copper concentrate - by 64.1%,  aluminum  foil - by 1.4%, and steel pipes - by 6.7%.

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