ArmInfo.Currently, the demand for copper is about 30 million tons, and it is expected to grow by about two times. This was stated on November 8 at a seminar for journalists in Kapan, dedicated to the topic of "Mining industry and the agenda of economic development of Armenia", Deputy Director of the Zangezur Copper and Molybdenum Combine (ZCMC) Vardan Janyan.
In this regard, he emphasized that this industry is of great importance for Armenia and its role can significantly increase in the context of the country's economic development. "Everyone knows that Armenia has been showing economic growth in the past few years, but the main reason for this phenomenon is related to external factors, such as the Russian-Ukrainian war.
As a result, many trade and other processes pass through Armenia, which leads to the registration of economic growth. But this growth is not the result of our efforts and cannot serve as a basis for the stable development of the country", - Janyan noted. As the Deputy Director of ZCMC emphasized, in order to ensure stable growth, it is necessary to develop key areas that have always been relevant for Armenia and contributed to its development, such as the mining industry and energy.
, - explained Dzhanyan.
At the same time, he assured that the supply on the copper market will be limited. According to him, in a few years, the demand for copper will exceed the capacity of world mines to extract it.
At the same time, as the deputy director noted, Armenia's share in the global copper supply is only 0.1%. Nevertheless, even with such a small volume, the country has significant potential for benefiting and ensuring its development.
Therefore, the emphasis is placed on copper, although in the global context, our significance in the field of molybdenum is much higher>, - explained Janyan. Speaking about molybdenum, Janyan noted that this metal is used in many technologies. For example, in wind energy, especially in offshore projects, where wind power plants are located in hard-to-reach conditions. In this regard, in recent years the growth in molybdenum prices has largely depended on the development of wind energy.
, - the deputy director continued. However, according to Janyan, the actual volumes of metal production in Armenia are not so large, and the statement that the country is a major producer of metals is not entirely correct.
, - the deputy director noted.
Janyan also added that out of the total volume of 34 million tons, ZCMC exports 19 million tons of copper, Teghut - 7 million tons, and Agarak - 4.5 million tons; the remaining volumes are insignificant.
