Business news from Ukraine

Business news from Ukraine

Ukraine sharply reduced exports of titanium-containing ores last year

Ukraine in 2023 reduced exports of titanium-containing ores and concentrate in physical terms by 96.4% compared to 2022 – to 11.648 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of titanium-containing ores and concentrate decreased by 85.1% to $19.426 million.

The main exports were to Turkey (38.21% of shipments in monetary terms), Japan (16.53%) and India (6.12%).

Ukraine imported 1 ton of such ore from the Netherlands for $2 ths.

As reported, Ukraine in 2022 reduced exports of titanium-containing ores and concentrate in physical terms by 41.8% year-on-year to 322.143 thousand tons, in monetary terms by 19.6% to $130.144 million. The main exports were to the Czech Republic (47.91% of shipments in monetary terms), the United States (11.94%) and Romania (9.75%).

Ukraine in 2022 imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.

In Ukraine, titanium-containing ores are currently mined mainly by United Mining and Chemical Company PJSC (UMCC), which has taken over Volnogorsk Mining and Metallurgical Combine (VGMK, Dnepropetrovsk region) and Irshansk Mining and Processing Combine (IGOK, Zhytomyr region), as well as by Mezhdurechensky GOK LLC and Valki-Ilmenit LLC (both located in Irshansk, Zhytomyr region). In addition, production and commercial firm “Velta” (Dnipro) built a mining and processing plant at Birzulovskoye deposit with the capacity of 240 thousand tons of ilmenite concentrate per year.

In addition, production and commercial firm “Velta” (Dnipro) built a mining and processing plant at Birzulovskoye deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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