Monday, August 9 2021 16:56
Alina Hovhannisyan

In H1 2021, metallurgical industry of Armenia accelerated its growth  rates

In H1 2021, metallurgical industry of Armenia accelerated its growth  rates

ArmInfo. In H1 2021, the metallurgical industry of accelerated the rate of y-o-y growth - from 19.4% to 20.3%.

According to the Statistical Committee of the Republic of Armenia,  the production of copper concentrate increased in H1 2021 by 7.5% per  annum (against 16.6% growth a year earlier), with a volume of 202.4  thousand tons provided. On a monthly term, the volume of copper  concentrate production increased by 4.8% to 37.8 thousand tons.

In H1 2021, castings from unalloyed (carbon) steel were produced in  the amount of 44.872 thousand tons, with a 5.7-fold y-o-y growth  (against 23.3% growth a year earlier). At the same time, in June,  production volumes decreased by 64.3%, amounting to 11.055 thousand  tons.

Production of steel pipes in H1 2021 increased by 16.2% per annum -  up to 7.425 thousand tons (against an increase of 36.1% a year  earlier), and in June alone there was a decline of 19.2% - to 1.148  thousand tons.

In H1 2021 a decrease was recorded in the production of  ferromolybdenum - by 9.8% per annum (against an increase of 11.2% a  year earlier), amounting to 3.736 thousand tons. And in June alone,  ferromolybdenum production increased by 14.8% - up to 740 tons.

Molybdenum concentrate production also decreased in H1 2021 - by 3.8%  per annum (against an increase of 1.8-fold a year earlier), amounting  to 11.934 thousand tons. In June alone, the production of molybdenum  concentrate decreased by 7.6% - to 2.221 thousand tons.

In H1 2021, The production of zinc concentrate also decreased by  16.3% per annum (against 28.2% growth a year earlier), amounting to  5.807 thousand tons. And in June, the production of zinc concentrate  increased by 11.2% - up to 1,086 thousand tons.

The volume of production of aluminum foil in H1 2021 amounted to  16.937 thousand tons, decreasing by 2.9% per annum (against 13.7%  growth a year earlier). At the same time, in June, the volume of  production of aluminum foil increased by 0.6% - up to 2,850 thousand  tons.

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