ARMENIAN PLANT REDUCES FERROMOLYBDENUM OUTPUT 12.3% IN 2006
Interfax News Agency
Russia & CIS Business and Financial Newswire
January 16, 2007 Tuesday 4:20 PM MSK
Armenia’s Pure Iron works reduced ferromolybdenum production 12.3%
to 2,580.5 tonnes in 2006 due to a drop in world prices for the alloy,
Genrik Karapetian, the company’s director, told Interfax.
The plant boosted production of pure molybdenum, which was in greater
demand, by 80% to 486.7 tonnes, Karapetian said.
The plant also produced 42 tonnes of ferrotungsten in 2006, up from
8 tonnes in 2005.
Germany’s Cronimet Mining, which owns 51% of Pure Iron, markets the
plant’s products in Europe.
Armenian businessmen own the other 49% of Pure Iron.
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