Thursday, October 10 2019 13:52
Alina Hovhannisyan

In January-August 2019, the metallurgical industry of Armenia  launched a trend towards growth

In January-August 2019, the metallurgical industry of Armenia  launched a trend towards growth

ArmInfo.The metallurgical industry of Armenia in January- August 2019 turned the trend upward by 7.4% from the 16.4% decline a year earlier. This is evidenced by  the data of the Statcommittee of the Republic of Armenia.

In particular, an improvement in annual dynamics was observed in the  production of ferromolybdenum - with a yield of 2.5% decline in  January-August 2018, a 16.7% increase in January-August 2019, with a  volume of 4,960 tons. However, in August alone, ferromolybdenum  production showed a 32.5% decline.  A reversal to the upward trend  was also recorded in the production of copper concentrate - with a  yield of 19.9% decline by 7.9% growth, with a volume of 242 thousand  tons in January-August 2019. And only in August, the volume of  production of copper concentrate increased by 32%.

Acceleration of annual growth was observed in the production of  molybdenum concentrate - from 0.8% in January-August 2018 to 28.7% in  January-August 2019, with a volume of 9,666.7 tons. In August alone,  the production of molybdenum concentrate increased by 29.3%.

At the same time, the deterioration in annual dynamics demonstrated  the production of zinc concentrate - from 24.8% growth in the  direction of decline by 5.6% to 7,471 tons. But only in August, zinc  concentrate production increased by 22.3%.

The production of aluminum foil was still delayed in recession,  having slightly accelerated the pace from 2.5% in January-August 2018  to 3% in January-August 2019, amounting to 20 635 tons. And only in  August, the volume of aluminum foil production fell by 10.6%. The  production of pipes and hollow sections in January-August 2019  increased by 11.5% per annum - up to 7 741 tons (against an increase  of 3.2% a year earlier), but only in August a 2-fold increase was  recorded.

All metals produced in Armenia are exported, mainly to Europe and the  USA.  Recall that the metallurgical industry of Armenia in 2018  reduced the volume of production by 23% per annum, against the 11.3%  growth in 2017. In particular, ferromolybdenum production increased  by 10.4%, molybdenum concentrate - by 1.4%, copper concentrate - by  25.9%, zinc concentrate - by 12.3%. At the same time, the production  of aluminum foil decreased by 14.5%, aluminum rolled products - by  69.8%, steel pipes - by 3.5%, converter (blister) copper - by 26.7%. 

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