Monday, August 5 2024 16:41

ArmInfo. Armenia's metallurgical industry has experienced a growth, shifting from a 7% decline to 8% growth. This is evidenced by the data of the RA Statistical Committee for the first half of 2024. 

These dynamics were provoked by the growth in copper concentrate production, which increased by 15% compared to a 23.3% growth previous year, reaching a volume of 144.6 thousand tons. Zinc production volumes also increased - by 20.8% to 5,386 thousand tons compared to a 13.7% growth previous year. 

Production of steel pipes in the first half of 2024 increased by 26% per year compared to a growth of 56.3% previous year, totaling 10,900.5 thousand tons.  At the same time, production of molybdenum concentrate has been delayed in its decline with annual rates accelerating from 8.4% to 25.2%, resulting in a volume of 7,922.5 thousand tons. 

Production of ferromolybdenum in Armenia has also increased from 9% to 49.2%, reaching a volume of 2,254.3 thousand tons.  Production of aluminum foil has also experienced a decline with annual rates accelerating from 14.4% to 28.1%, resulting in a total production of 9,861.5 thousand tons.  It should be noted that according to customs data, all metals produced in Armenia are exported, mainly to Europe and the USA.