Business news from Ukraine

Ukraine for 7 months reduced imports of aluminum ores by 69%

28 August , 2022  

Ukraine in January-July this year reduced the import of aluminum ores and concentrate (bauxite) in physical terms by 69.4% compared to the same period last year – up to 938.226 thousand tons.
According to statistics released by the State Customs Service (STS), during this period, bauxite imports in monetary terms decreased by 66.1% – to $47.330 million.
At the same time, imports were carried out mainly from Guinea (59.94% of supplies in monetary terms), Brazil (27.67%) and Ghana (7.61%).
Ukraine in January-July 2022 did not re-export bauxite.
As reported, Ukraine in 2021 reduced the import of aluminum ores and concentrate (bauxite) in physical terms by 0.1% compared to 2020, to 5 million 114.227 thousand tons. Bauxite imports in monetary terms increased by 4.2% to $236.638 million.
At the same time, imports were carried out mainly 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 tons worth $70 thousand to Belarus (48.57%), Poland (40%) and the Russian Federation (7.14%), while in 2020 255 tons of bauxite were re-exported to Poland for $41 thousand
Bauxites are aluminum ores used as a raw material for the production of alumina, and from it – aluminium. They are also used as fluxes in ferrous metallurgy.
Bauxites are imported to Ukraine by the Nikolaev Alumina Refinery (NGZ), affiliated with the United Company (OK) Russian Aluminum (RusAl, Russia). Alumina is produced from bauxite.
RusAl also owns a stake in the Zaporizhia Aluminum Plant (ZALK) in Ukraine, which stopped producing primary aluminum and alumina.

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