Ferromolybdenum production volumes restored in ArmeniaJuly 25, 2022 - 16:21 AMT PanARMENIAN.Net - Two large ferromolybdenum smelting plants have completed their re-equipment and resumed production capacities, the chairman of the Union of Miners and Metallurgists of Armenia Vardan Jhanyan has said in an interview with Sputnik Armenia. Ferromolybdenum remains one of the most important export commodities of Armenia. In 2021, it became the 4th most valuable export item for the country (about $189 million). It is used in the production of stainless heat-resistant, heavy-duty alloys of non-ferrous metals, special types of steel, as well as in steel production. Until 2020, molybdenum ore mined in Armenia was mainly smelted into ferromolybdenum (FeMo), and only a small part of it was exported. In 2020, however, two large FeMo smelting plants – Plant of Pure Iron and AMP (both in Yerevan) – underwent refurbishment and are now fully operational again, Jhanyan added. At the same time, the Zangezur Copper-Molybdenum Combine and other mining enterprises have increased the production of both copper and molybdenum concentrate since last year. Therefore, now these two plants do not manage to smelt all the molybdenum raw materials. "Smelting of ferromolybdenum has come to attract new enterprises, therefore, two new plants – one in Armavir, the other in the village of Alapars near Hrazdan – have started operating in recent years. So far, however, they are operating in small volumes, and therefore now part of the molybdenum concentrate is exported from Armenia without processing," Jhanyan said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S., Armenia sign customs deal According to Armenian customs data, U.S.-Armenian trade reached $670 million last year. Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. |