Armenia`s metallurgical industry grew by 4%   in the first 10 months

ArmInfo.  Armenia's  metallurgical industry has achieved a 4% annual growth in the past 10  months (from an 8% decline a year ago). This reversal of the trend  can be attributed largely to the improved dynamics of zinc and copper  concentrate production, as well as the continued growth in steel pipe  production. This is evidenced by data from the RA Statistical  Committee.

The volume of copper concentrate production reached 258.5 thousand  tons in the first 10 months of this year, showing a shift in the  annual dynamics from a 10.1% decline to an 8.9% growth.  There was a  more significant improvement in the annual dynamics of zinc  concentrate production, with a shift from a 20.4% decline to 32.5%  growth, resulting in a total of 8.6 thousand tons.  The production of  steel pipes continued to grow, although at a slower annual rates of  48.3% to 17.8%, achieving a total volume of 20.1 thousand tons.

At the same time, the volume of molybdenum concentrate production  decreased by 28.5% to 14.6 thousand tons. The most significant  decline was in the production of ferromolybdenum, which decreased by  43.3% (compared to a decline of 19.2% the previous year), totaling  about 3.6 thousand tons.  The production of aluminum foil saw an   acceleration in the annual decline from 18.8% to 25%, totaling about  16.5 thousand tons. All metals produced in Armenia are exported  primarily to Europe and the USA.