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Armenia boosts ferromolybdenum output 12.5% in Q1

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  • Armenia boosts ferromolybdenum output 12.5% in Q1

    Interfax, Russia
    April 30 2009


    Armenia boosts ferromolybdenum output 12.5% in Q1

    YEREVAN April 30


    Armenia increased ferromolybdenum production 12.5% to 1,426 tonnes in
    January-March 2009 compared to the same period of 2008, the National
    Statistics Service said.

    Molybdenum concentrate rose 1.9% to 2,087 tonnes in the period,
    converter copper - 7.4% to 1,778 tonnes, copper concentrate - 4.4% to
    15,544 tonnes and aluminum foil - 31.3% to 4,058 tonnes.

    While increasing production by volume, Armenian mining and metals
    plants have seen a decline in earnings due to a reduction in ferrous
    metals prices.
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