Development of the Copper and Molybdenum Industries and the Armenian Economy

Abstract

Production of copper and molybdenum in Armenia is examined, with special emphasis on the location of major deposits, former and proposed future centers of processing, and contribution of metals exports to the country's foreign trade revenues. Particular emphasis is placed on the impacts on these industries of the disruption of economic ties resulting from the dissolution of the USSR and an economic crisis precipitated by a major earthquake, Armenia's tension with Azerbaijan over armed conflict in Nagorno-Karabakh and surrounding areas in Azerbaijan, an economic blockade imposed by Turkey and Azerbaijan, and a consequent severe energy crisis. The paper highlights developments in the mid-1990s in copper and molybdenum and in the recent expansion of trade relations with Iran. Journal of Economic Literature, Classification Numbers: L61, L72, O50. 1 figure, 1 table, 40 references.