Business news from Ukraine

Business news from Ukraine

Ukraine cuts exports of titanium-containing ores by 11 times

19 February , 2023  

Ukraine in January this year reduced the export of titanium ores and concentrates in physical terms by 10.99 times compared to the same period last year – up to 2.066 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of titanium ores and concentrates decreased 3.5 times in monetary terms – to $3.308 million.
At the same time, the main exports were shipped to Japan (72.22% in monetary terms), Egypt (13.94%) and Turkey (11.03%).
Ukraine in this period, as well as in January 2022, did not import these products.
As previously reported, in 2022, Ukraine reduced the export of titanium ore and concentrate in volume terms by 41.8% YoY – to 322.143 thousand tons, in monetary terms by 19.6% – to $130.144 million.
At the same time, the main export was carried out in the Czech Republic (47.91% in monetary terms), the U.S. (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 the United Mining and Chemical Company PJSC (UMCP), which controls Volnogorsk Mining and Metallurgical Works (VMMC, Dnepropetrovsk Region) and Irshansk Mining and Processing Works (IGOK, Zhitomir Region), as well as at Mezhdurechensk Mining and Processing LLC and Valki-Ilmenite 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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