In January–September 2026, Ukraine imported 34,270 metric tons of manganese ore worth $5.309 million, whereas during the same period in 2025, there were no imports of this raw material, according to statistics from the State Customs Service.
In the first nine months of this year, the physical volume of imports has already reached 92.6% of the total for all of 2025. Last year, Ukraine purchased 37,006 thousand metric tons of manganese ore abroad for $5.546 million, with all shipments taking place in November.
Imports in 2026 picked up significantly in August and September. While Ukraine imported approximately 10,900 metric tons of ore over the first seven months, imports rose to 23,099 metric tons over eight months and to 34,270 metric tons over nine months.
Thus, in September alone, the country imported 11,171 metric tons of manganese ore with an estimated value of $1.731 million. In August, imports totaled approximately 12,198 metric tons, meaning they declined by about 8.4% in September.
Ghana was the main supplier of manganese ore to Ukraine in 2025. In January–July 2026, it also accounted for virtually the entire volume of imports: 10,896 thousand metric tons worth $1.677 million. Another approximately 5 metric tons worth $3 thousand were imported from China. The geography of shipments for the full nine months requires clarification based on detailed customs statistics.
At the same time, Ukraine is increasing its own exports of manganese ore. In January–September 2026, 36,598 thousand metric tons of ore worth $6,393 million were shipped abroad.
Thus, the physical volume of exports over the nine-month period exceeded imports by only 2,328 thousand metric tons, and the trade surplus for this commodity group amounted to approximately $1,084 million.
The estimated average customs value of imported manganese ore was about $155 per metric ton, while that of exported ore was $175 per metric ton. However, without information on the chemical composition and quality of the raw materials, these figures cannot be used for a direct comparison of market prices.
The increase in imports is occurring as some Ukrainian ferroalloy plants resume operations following a production shutdown in 2023.
The Nikopol and Zaporizhzhia ferroalloy plants suspended ferroalloy smelting at the end of 2023 following the cessation of manganese ore mining at the Pokrovsk and Marganets mining and processing complexes. In the summer of 2024, the ferroalloy plants partially resumed production.
Manganese ore is the primary raw material for the production of ferromanganese and silicomanganese, which are used in ferrous metallurgy for deoxidizing and alloying steel. At the same time, foreign trade statistics alone do not allow us to determine what proportion of the imported ore was actually processed by Ukrainian enterprises.
In January–September 2026, Ukraine increased its manganese ore exports by 3.76 times compared to the same period last year—to 36,598 thousand metric tons from 9,739 thousand metric tons, according to data from the State Customs Service.
In monetary terms, exports nearly quadrupled—to $6.393 million compared to $1.615 million over the first nine months of 2025. Thus, foreign exchange earnings increased by 296%, while the physical volume of shipments rose by 276%.
As of the end of the first nine months of this year, Ukraine has already exceeded the volume of manganese ore exports for the entire year 2025 by 64.3%. Last year, 22,281 thousand metric tons of this raw material were shipped abroad, worth $3.599 million.
At the same time, export revenue for January–September 2026 exceeded the total for all of last year by 77.6%.
The estimated average customs value of exported manganese ore for the first nine months of this year was approximately $175 per metric ton, compared to $166 per metric ton for the same period in 2025. Thus, the increase in foreign exchange earnings was driven primarily by growth in the physical volume of exports.
September was the busiest month of the current year, with Ukraine shipping 8.44 thousand metric tons of manganese ore abroad. This is 2.4 times more than in August and nearly 4.9 times more than in September of last year.
In 2025, Slovakia was the largest foreign market for Ukrainian manganese ore, accounting for 99.22% of export revenue. Poland accounted for another 0.78% of revenue.
The recovery in exports is taking place against the backdrop of a gradual resumption of manganese concentrate production in Ukraine. Specifically, the Pokrovsk Mining and Processing Plant produced 63.9 thousand metric tons of concentrate in 2025 following a shutdown in 2024.
In its previously approved production plans for 2026, the plant projected a 3.44-fold increase in concentrate output—to 220,000 metric tons. Actual fulfillment of this annual plan currently requires confirmation based on the results of the reporting period.
The Pokrovsky Mining and Processing Plant is one of the leading producers of manganese ore in Ukraine. The company engages in open-pit mining of oxide, carbonate, and oxide-carbonate ores, as well as their beneficiation and the production of manganese concentrate and sinter. The main domestic consumers of these products are enterprises in the ferroalloy industry.
In August of this year, Ukraine increased its manganese ore exports by 30% compared to the previous month—to 3,511 thousand metric tons from 2,701 thousand metric tons.
According to statistics released by the State Customs Service (SCS), a total of 28,158 thousand metric tons of manganese ore were exported over the first eight months of this year, compared to 8,014 thousand metric tons during the same period last year.
In July of this year, Ukraine increased its manganese ore exports by 14.9% compared to the previous month—to 2,701 thousand metric tons from 2,350 thousand metric tons; in June, exports rose by 36.6% compared to May—to 2,350 thousand metric tons from 1,720 thousand metric tons; in May, it reduced exports by a factor of 3.1 compared to April—to 1,720 metric tons from 5,319 metric tons; in April, it increased exports by a factor of 2.8 compared to March—to 5,319 metric tons from 1,932 metric tons; in March, exports fell by a factor of 3.1 compared to the previous month—to 1,932 thousand metric tons from 6,072 thousand metric tons—and by a factor of 2.4 compared to January, when 4,553 thousand metric tons were exported.
In monetary terms, exports of this raw material amounted to $4.843 million in January–August (for the first 8 months of 2025 – $1.329 million).
In January–August 2026, Ukraine imported 23,099 thousand metric tons of ore worth $3.578 million, whereas there were no imports last year.
As previously reported, Ukraine reduced its manganese ore exports by 50.4% in 2025 compared to the same period last year—to 22,281 thousand metric tons—but stepped up shipments in August–December. While shipments totaled 2,977 thousand metric tons over the first seven months of 2025, exports more than doubled in August, when 5,037 thousand metric tons were shipped; in September, they amounted to 1,725 thousand metric tons; in October—3,993 thousand metric tons; in November—3,860 thousand metric tons, and in December—4,689 thousand metric tons.
In monetary terms, exports for the entire year 2025 fell by 45.2% compared to 2024—to $3,599 million. The majority of exports went to Slovakia (99.22% of shipments in monetary terms) and Poland (0.78%). Over the course of the year, the country imported 37,006 thousand metric tons from Ghana worth $5.546 million. All shipments took place in November. In 2024, 84,293 thousand metric tons of ore worth $18.302 million were imported.
The Pokrovsk Mining and Processing Plant (PGZK, formerly the Ordzhonikidze Mining and Processing Plant) and the Marganetsk Mining and Processing Plant (MGZK, both located in Dnipropetrovsk Oblast), which are part of the “Privat” Group, ceased the extraction and processing of raw manganese ore in late October–early November 2023, while the NZF and ZZF plants halted the smelting of ferroalloys. In the summer of 2024, the ferroalloy plants resumed production.
PGZK and MGZK did not produce any output in 2024, whereas in 2023, PGZK produced 160.31 thousand metric tons of manganese concentrate, while MGZK was idle.
In 2025, PGZK produced 63.9 thousand metric tons of manganese concentrate worth 342.138 million UAH and sold 25.4 thousand metric tons worth 216.309 million UAH. In 2026, the plant plans to increase manganese concentrate production by 3.44 times compared to the previous year—to 220 thousand metric tons.
In Ukraine, manganese ore is mined and processed by the Pokrovsk and Marganets Mining and Processing Plants.
The consumers of manganese ore are ferroalloy plants.
In January–July 2026, Ukraine imported approximately 10.9 thousand metric tons of manganese ore, whereas there were no imports of this product during the same period last year.
According to data from the State Customs Service, virtually the entire volume of shipments came from Ghana—10,896 metric tons worth $1.677 million. An additional 5 metric tons, worth $3,000, were imported from China.
Thus, Ghana accounted for 99.82% of the value of Ukraine’s manganese ore imports in January–July.
The resumption of imports coincides with the recovery of foreign trade in manganese ore overall. Over the seven-month period, Ukraine exported 24,647 metric tons of such products worth $4.227 million.
The average estimated price of exported ore was approximately $171 per metric ton, while that of ore imported from Ghana was approximately $154 per metric ton. These figures are estimates based on customs value and physical shipment volumes and do not reflect differences in the quality and characteristics of the raw material.
Manganese ore imports into Ukraine have fluctuated significantly in recent years. In 2024, the country imported 84,293 thousand metric tons worth $18.302 million.
In 2025, imports fell to 37,006 thousand metric tons, valued at $5.546 million. Notably, the entire volume was shipped from Ghana in November alone, while imports were virtually nonexistent from January through October.
The resumption of shipments as early as the first half of 2026 may indicate growing demand for raw materials in the ferroalloy industry amid a gradual recovery in production.
The main consumers of manganese ore in Ukraine are enterprises in the ferroalloy industry. The Nikopol and Zaporizhzhia Ferroalloy Plants halted smelting after Ukrainian mining companies ceased extraction of raw manganese ore in the fall of 2023; however, ferroalloy production was partially resumed in the summer of 2024.
From January through July 2026, Ukraine exported 24,647 thousand metric tons of manganese ore, which is already 10.6% more than the volume shipped in all of 2025, when 22,281 thousand metric tons were sent abroad.
According to data from the State Customs Service of Ukraine, in monetary terms, exports for the seven-month period totaled $4.227 million, compared to $3.599 million for all of last year. Thus, foreign exchange earnings have already exceeded the 2025 figure by approximately 17.4%.
Compared to January–July of last year, manganese ore exports have increased more than eightfold. In the first seven months of 2025, Ukraine exported only 2,977 thousand metric tons of ore worth $491 thousand, whereas this year, the volume of shipments reached 24,647 thousand metric tons, with revenue totaling $4.227 million.
Slovakia remains the main market for Ukrainian manganese ore in 2026, accounting for 77.79% of export revenue. Shipments to Georgia accounted for another 22.21%.
In July, Ukraine exported 2,701 thousand metric tons of manganese ore, which is 14.9% more than in June (2,350 thousand metric tons). Thus, exports have been growing for the second consecutive month: in June, growth stood at 36.6% compared to May.
However, monthly trends since the beginning of the year have remained quite volatile. In January, Ukraine exported 4,553 thousand metric tons of ore; in February, approximately 6,072 thousand metric tons; in March, the volume fell to 1,932 thousand metric tons; in April, it rose to 5,319 thousand metric tons; and in May, it fell again to 1,720 thousand metric tons.
In 2025, however, manganese ore exports fell by 50.4% compared to 2024—to 22,281 thousand metric tons.
However, starting in August of last year, exports picked up significantly: 5,037 thousand metric tons were exported in August, 3,993 thousand metric tons in October, 3,860 thousand metric tons in November, and 4,689 thousand metric tons in December.
Ukraine has its own raw material base of manganese ores. The main enterprises involved in their mining and processing are the Pokrovsk and Marganets Mining and Processing Plants in the Dnipropetrovsk region.
EXPORT, MANGANESE, MINING AND PROCESSING PLANT, ORE, SLOVAKIA
PJSC “Pokrovsky Mining and Processing Plant” (PGZK, formerly Ordzhonikidze Mining and Processing Plant, Dnipropetrovsk Oblast) increased its net loss by 30.3% in January–June of this year compared to the same period last year, reaching 194.190 million UAH.
According to PGZK’s interim report for the first six months of 2026, which is available to the Interfax-Ukraine news agency, revenue from ordinary operations for this period decreased by 29.5% to 374.943 million UAH. The accumulated loss as of the end of June 2026 amounted to 556.538 million UAH.
The report notes that the Nikopol Ferroalloy Plant and ZZF remain the company’s main customers at present. At the same time, PGZK continues to expand its sales geography by maintaining negotiations with potential foreign buyers. During the reporting period, foreign trade contracts were signed with partners from Georgia and Slovakia. Actual product shipments are currently being made to both countries.
In the second quarter of 2026, management identified the following key areas of focus: reducing and optimizing tax liabilities; improving energy efficiency by reducing specific energy consumption; optimizing the use of fuels and lubricants; improving the organizational structure and optimizing staffing levels; increasing revenue from ancillary activities, in particular the sale of ferrous and non-ferrous scrap metal and the provision of transportation and construction services; continuing to support the Armed Forces of Ukraine.
As reported, PGZK increased its net loss by 25.56% in January–March 2026 compared to the same period last year—to 114.678 million UAH from 91.322 million UAH; revenue from ordinary operations for this period decreased by 52.2%—to 133.646 million UAH.
In 2025, PGZK reduced its net loss by 47% compared to 2024—to 377.357 million UAH from 712.380 million UAH; income from ordinary activities for this period increased by 26%—to 1 billion 281.772 million UAH.
Four Cypriot companies—Profetis Enterprises Limited, Exseed Investments Limited, Clemente Enterprises Limited, and Alexton Holdings Limited (all based in Cyprus)—each own 24.3024% of the shares in the private joint-stock company.
The authorized capital of the private joint-stock company is 736.134 million UAH, and the par value of each share is 0.25 UAH.
EXPORTS, LOSS, MANGANESE, Pokrovsky Mining and Processing Plant, REVENUE
