Business news from Ukraine

Business news from Ukraine

Ukraine cuts import of aluminum ores by 72%

14 September , 2022  

Ukraine in January-August 2022 reduced the import of aluminum ores and concentrate (bauxite) in kind by 72.1% compared to January-August 2021, to 945,207 tonnes.
According to statistics released by the State Customs Service, during this period, bauxite imports in monetary terms dropped by 68.9%, to $48.027 million.
The products were mainly imported from Guinea (59.07% of supplies in monetary terms), Brazil (27.27%) and Ghana (7.5%).
Ukraine in January-August 2022 did not re-export bauxite.
As reported, Ukraine in 2021 reduced the import of aluminum ores and concentrate (bauxite) in kind by 0.1% compared to 2020, to 5.114 million tonnes. Bauxite imports in monetary terms grew by 4.2%, to $236.638 million.
The products were mainly imported from Guinea (59.33% of supplies in monetary terms), Brazil (21.33%) and Ghana (16.8%).
Ukraine in 2021 re-exported bauxite in the amount of 277 tonnes worth $70,000 to Belarus (48.57%), Poland (40%) and the Russian Federation (7.14%).
Bauxites are aluminum ores used as a raw material for the production of alumina, and from it aluminium is made. They are also used as fluxes in ferrous metallurgy.
Bauxites are imported to Ukraine by the Mykolaiv Alumina Refinery, affiliated with RusAl (Russia). Alumina is produced from bauxite.
RusAl also earlier had a stake in the Zaporizhia Aluminum Plant (ZAlK) in Ukraine, which stopped producing primary aluminum and alumina.

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