Business news from Ukraine

Business news from Ukraine

Ukraine cuts export of titanium ores by 96%

16 April , 2023  

Ukraine in January-March this year reduced exports of titanium-containing ore and concentrate in physical terms by 95.8% as compared to the same period last year – to 4.148 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of titanium ores and concentrates decreased by 82.2% to $6.781 million.
At the same time, the main exports were shipped to Japan (47.35% in monetary terms), Turkey (19.73%) and India (8.89%).
Ukraine did not import these products during this period.
As previously reported, in 2022, Ukraine reduced the export of titanium ore and concentrate in volume terms by 41.8% compared with the previous year – up to 322.143 thousand tons, in monetary terms by 19.6% – to $130.144 million. With that, the main exports were shipped to the Czech Republic (47.91% in monetary terms), the United States (11.94%) and Romania (9.75%).
In 2022, Ukraine imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.
In Ukraine, the titaniferous ores are currently mined mainly at United Mining and Chemical Company PJSC (UMCP), which controls Volnogorsky Integrated Mining and Metallurgical Plant (VMMC, Dnepropetrovsk Region) and Irshansky Integrated Mining and Processing Plant (IGOK, Zhitomir Region), as well as at Mezhdurechensky GOK LLC and Valki Ilmenit LLC (both Irshansk, Zhitomir Region).
In addition, the production and commercial firm VELTA (Dnipro) has built a GOK at the Birzulovskoye deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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