ARMENIA’S COPPER ORE EXPORTS UP IN JAN-MAR 2010

news.am
May 6 2010
Armenia

The RA Statistical Service reported that the output of copper
concentrate totaled 29,155 tons this January-March – an annual increase
of 87.6%. The output of converter copper totaled 1,538 tons – an
annual decrease of 13.5%.

The RA State Revenue Committee reported that copper ore exports
totaled 27,508 tons this January-March – an annual increase of 52%.

The customs value reached U.S. $37.17m – a 603.8% increase.

The reason for the increase is a sharp rise in international copper
prices, which, in turn, accounted for an increase of more than 10%
in the Armenian industry this January-March, and, as a result, 5.5%
economic growth.