In August Armenia extracted 1500 tons of molybdenum concentrate, up by 29.3% MoM, by 27.2% YoY and by 36.5% from the average result in the past 12 months.
This is also the highest historical output.
At the same time manufacture of FeMo reached 499 tons, down by 32.5% MoM, up by 27.3% YoY, and down by 19.5% from the average this year.
Prices in Europe dropped by 1%, to $27.47 per kg FCA Rotterdam.
In January-August Armenia produced 4960 tons of FeMo and 9670 tons of concentrate, up by 16.7% and by 28.7% YoY respectively. (Ukrainian metal)