Anbar Asia

Damascus Metals Suppliers And Traders

SYRIA METALS MARKET

Metals Prices in Syria

Syria is located in West Asia, north of the Arabian Peninsula in the Middle East‎. Most metals are silvery, high-density, and relatively soft solids that deform easily. The Syrian government grants temporary imports of goods to other countries without paying taxes in the following cases. Metals are now mainly used in the manufacture of industrial tools. Syria is a pristine export market for Iranian products due to the situation in Syria due to sanctions. The countries of the Middle East have a significant share of iron resources

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Syria earns millions of dollars annually through its ports on the Mediterranean Sea. Almost all metals are solid, shiny, and white-gray. The banking system in Syria is under the control of the Syrian government, and all Syrian banks operate under the Ministry of Economy and Trade. The base metals industry is the most important export industry in the Middle East after oil and petrochemicals

Metals Trade in West Asia (Middle East)
Metals Trade in West Asia (Middle East)

Many global mining experts predict that at current consumption rates, the planet's economy over the next 70 years will undermine the current known reserves, which are likely to consume half of the world's current metals. Shortly, increasing dependence on essential mineral imports, plus global competition for scarce resource resources, will increase prices and bargain for exporting countries.

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How is West Asian Gold Market
How is West Asian Gold Market

Gold is a chemical element with the symbol Au and atomic number 79 and is one of the elements with high atomic number that exists in nature. Gold is pure, a shiny metal, reddish yellow, dense, soft, malleable and flexible.

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What are zinc metal’s properties, and its uses?
What are zinc metal’s properties, and its uses?

Zinc is found in several ores, the principal ones being zinc blende (zinc sulfide) and calamine (zinc silicate). The principal mining areas are in China, Australia and Peru. Commercially, zinc is obtained from its ores by concentrating and roasting the ore, then reducing it to zinc by heating with carbon or by electrolysis. World production is more than 11 million tonnes a year. 

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What are the uses of silver metal?‎
What are the uses of silver metal?‎

The interesting thing about silver is that today, the metal is used for solder and solder alloys, ‎batteries, dentistry, LED chips, nuclear reactors, photovoltaic (or solar) energy, RFID chips to ‎track packages or shipments worldwide, Semiconductors, touch screens, wood preservatives, ‎and many other industrial applications.‎

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Are the effects of aluminum harmful to health?
Are the effects of aluminum harmful to health?

When the concentration of aluminum in the environment increases, it has severe effects on human health. Water-soluble aluminum is dangerous. Particles of aluminum that dissolve in water are called ionic particles, for example, aluminum chloride. Other ways to increase the amount of aluminum in the body are to breathe and make skin-to-skin contact with aluminum. 

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What is copper and its facts?
What is copper and its facts?

About two-thirds of the earth's copper is found in igneous rocks, and about a quarter occurs in sedimentary rocks. This metal is flexible and flexible and conducts heat and electricity well, which is why it is widely used in electronics and wiring.

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Syria Geography
Syria Geography

The Syrian economy is known as a state economy. The lack of strong financial resources and infrastructure in the private sector, as well as government interference in the economy, has put the country in a difficult economic situation.

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Anyone who visited the old city of Damascus must have visited Souq Al-Sagha, or the Jewelry Market the, located between Al-Buzuriyah Souq and the Umayyad Mosque. In addition to buying the engagement and wedding rings and other wedding accessories, residents of Damascus and its surrounding visit the Jewelry Market for a variety of reasons, most importantly to preserve money for years to come, or purchasing a valued gift for a newborn baby or a graduating student. If you move outside Damascus, you will find the same traditions, people purchase jewelry for the same reasons. This demand for golden jewelry and gold reflected positively on the industry and made it one of Syria’s most important industries. Although Syrians innovate in their designs, they are also able to preserve the identity of an industry that stretches back thousands of years in history. In order to affirm the roots of  jewelry industry in Syria, we have to visit the National Museum. The National Museum is also full with a variety of gold crafts which were discovered in Ebla, Palmyra and Ugarit, indicating how ancient this industry and tradition run not only in Damascus but across the country. Due to the fame of the goldsmiths of Damascus, Aleppo and other provinces, Syria has attracted a number of international companies to hold gold and jewelry expos with significant Syrian We cannot rely on accurate statistics but a report by a local newspaper spole of 15 thousand craftsmen working in Jewelry production in Syria, varying from a producer to a retailer. Additionally, there are approximately 5000 Syrian craftsmen working abroad between the Gulf countries and Egypt. The report added that there are over 5000 gold shops in Syria, out of which 2600 are in Damascus alone. The president of the Goldsmiths Association in Damascus estimates the quantity of gold sold by approximately 200 kilograms a day, with the reserve reaching over 30 tons. The Syrian society is dominated by the middle class. The vast majority of the Syrian population viewed diamonds as adornment rather than long-term investment. To affirm that we only need look at the prices which according to The Economist, in early 2011 started at 200 thousand Syrian pounds and could reach millions. These prices alone were enough for most Syrians to abandon diamonds in favor of gold. The “Be a Pearl Gallery,” which was hosted in Damascus in June of 2011, featuring 36 artists from a variety of countries, was the largest example of such growth and interest. The diamond market in Syria had suffered from low demand and a few legal issues. Although the price of gold was more acceptable than the price of diamonds by the Syrian buyer, it did not suit all sectors of the society. The price of Russian gold in 2010 prices started from 400 Syrian pounds, and reached in some shops 1500 Syrian pounds. It is estimated that more than 100 workshops existed in Damascus in 2010, and have long competed with the real gold market. The history of this company began with the migration of a large number of survivors of the Armenian genocide to the Middle East, especially to Syria, leading to the establishment of a large Armenian community there. Hakup Kazanjian, in 1975, who founded Kazanjian Watches in 1960 in the city of Aleppo in northern Syria. The family has worked hard to expand its business and establish a network of retail outlets throughout Syria. The Kazanjian family has become one of the largest distributors of Swiss watch brands in Syria. The company did not limit itself to Syria, but became one of the most reputable family companies not only in Syria but in neighboring countries and gained fame throughout the Middle East. At the same time, Kazanjian Watches history gives us a glimpse of the Swiss watch industry in Syria and often outperforms the same industry in many countries, but events in Syria have, of course, affected the family business and caused them to spread across the world. It is not surprising that the industry, like others, is heavily influenced by what is happening in Syria. In conclusion, we would like to point out that the report may have focused more on the city of Damascus because the sources and articles talked more about it, but we welcome any addendum or information that can enrich the report and add to it, and if we are provided with sufficient information about another province, we will dedicate a special report to it.
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https://oec.world/en/profile/bilateral-product/copper-powder/reporter/syr
https://www.maximizemarketresearch.com/market-report/global-copper-market/29798/
https://oec.world/en/profile/bilateral-product/silver-clad-metals/reporter/syr