Drop in World Copper Price Hurts Armenia=?UTF-8?B?4oCZ?=s Economy

13:24, March 27, 2015

By Seda Hergnyan

The international price of copper continues to fluctuate and the trend is downward. This doesn't auger well for Armenia, so heavily dependent on the export of various raw materials.

In January 2014, the international price of copper stood at US$ 7,500  per ton. By January of this year it had dropped to $5,500.

While the price rose a bit in February it has dropped again this month. This comes against the backdrop of the overall softening economic  situation in China, a country that imports a great deal of Armenian copper.

The economic slowdown in China has been the focus of economic analysts. In a recent interview with Bloomberg News,  CGOG Futures analysts Yu Yi underlined that China's demand for copper had decreased.  Read more... (754 words)

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