Armenia increased exports of copper ore, zinc and molybdenum  concentrates in 2024

ArmInfo. In 2024, Armenia increased its copper ore exports by 20.4% - to 341.5 thousand tons (compared to a 20.4% decline in 2023). The customs value of copper ore also saw a 15.5% increase, totaling $558.3 million, as evidenced  by data from the Customs Service of the Republic of Armenia.

Copper ore was mainly exported to China (76.6%), Bulgaria (13.3%), Serbia  (2.8%), Switzerland (2.6%), Russia (2.4%), and Iran (2.2%). Smaller  quantities were exported to the Netherlands, the United Kingdom and  Australia.

Export supplies of zinc concentrate also increased  by 29.6%  (compared to a decline of 23.8% in 2023), amounting to 11.6 thousand  tons and the customs value increased by 42% - to $ 17.6 million. The  entire volume, as in the previous year, was sent to Belgium.  Meanwhile, the export of molybdenum concentrate increased by 2.5%  during the reporting year (compared to a 8.2% growth in 2023),  reaching 11.4 thousand tons, with a decrease in customs value by 4.1%  - to $ 220.6 million.  Armenia supplied molybdenum concentrate to the  markets of Belgium (41.6%), China (17.9%), Russia (13.2%), Hong Kong  (7.7%), the Republic of Korea (6.3%), Thailand (5.3%), the  Netherlands (4.9%), as well as Slovenia, Austria, India, Australia,  and the United Kingdom. Exports of ores containing precious metals  increased by 23.2% in 2024 (compared to a 6.2% decline in 2023),  amounting to 23.8 thousand tons, with an increase in customs value by  66.6% - to $126.5 million.

The majority of exported ores containing precious metals went to the  Swiss market (67%), and the rest went to Malaysia (14.8%), Peru  (5.7%), Hong Kong (1.4%), China (0.1%). Very small volumes were  delivered to the markets of the United Kingdom, Indonesia and the  Netherlands.

According to the RA Statistical Committee, in 2024, Armenia produced  301.6 thousand tons of copper concentrate (annual growth of 4.1%),  10.5 thousand tons of zinc concentrate (annual growth of 28.7%), and  17.1 thousand tons of molybdenum concentrate (annual decline of  26.9%).