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    market news

    Mining Giant Becomes Armenia’s Largest Taxpayer

    Investing News Network
    Aug. 10, 2011 05:31PM PST
    Industrial Metals

    Radio Free Europe reported that Zangezur Copper and Molybdenum Combine is now the largest taxpayer in Armenia.

    Radio Free Europe reported that Zangezur Copper and Molybdenum Combine is now the largest taxpayer in Armenia.

    The market news is quoted as saying:

    The surge is the result of a strong rally in the prices of nonferrous metals — particularly molybdenum — on world markets this year. The price of molybdenum had plummeted during the 2009 global recession.

    To read the full market news, click here.

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