Armenian metallurgical industry reduced volumes in January-July 2018 by 16.4%

ArmInfo. The metallurgy industry of Armenia in January-July 2018 showed a decline of 16.4% per annum, against 8.4% growth for the same period in 2017. According to the National Statistical Service of Armenia, in January-July, the production of ferromolybdenum in Armenia decreased by 2.5% per annum, to 3 857 tons, against growth of 21.6% a year earlier. Only for July ferromolybdenum was produced 327 tons, which is 45.3% less than the June volume.

In January-July, the production of molybdenum concentrate decreased by 3.8% per annum - up to 6327 tons, against growth of 6.5% a year earlier. Only in July production increased by 0.6% - up to 880 tons.  The production of converter (rough) copper declined by 4.1% year-on-year to 6,730 tons (against 1.3% growth a year earlier), with a monthly growth of 19.9% to 1008 tons. The production of copper concentrate decreased by 20% - to 194.4 thousand tons, against growth of 7.6% a year earlier. On a monthly basis, copper concentrate production decreased by 6.3% to 26.7 thousand tonnes. The production of zinc concentrate increased during the reporting period by 26.9% per annum - up to 6,923 tons, against 23.9% growth a year earlier. In July, the volume of zinc concentrate production decreased by 18.2% to 950 tons.

The production of aluminum foil for the reporting period increased by 1.4% per annum - to 18,787 tons, against 5.3% growth a year earlier.  In July, aluminum foil production decreased by 7.4% to 2,502 tons.  The production of aluminum rolled products for the reporting period amounted to 151 tons with an annual decline of 66.3%, against growth of 149.3 times a year earlier. Only in July there were no changes in the production of aluminum rolled products.

The production of steel pipes in the reporting period increased by 3.2% per annum - up to 5,822 tons (against growth of 59.3% a year earlier), but only in July the growth was registered by 24% - up to 1,100 tons.

Data on the production of molybdenum briquettes in the statistics of the reporting period are absent.

All metals produced in Armenia are exported, mainly to Europe and the USA.

In 2017 the metallurgy industry of Armenia increased production by 11.3% per annum, against 11.1% decline for 2016. In particular, the production of ferromolybdenum increased by 1.1%, molybdenum concentrate by 2.8%, copper concentrate grew by 10.3% in 2017, aluminum foil by 14.4%, aluminum rolled products up to 543 tons, steel pipes - by 36.2%, zinc concentrate - by 22.2%. At the same time, the production of converter (rough) copper declined by 6.7% in 2017.