Business news from Ukraine

Ukraine reduced export of titanium-bearing ores by 42%, revenue – by 12%

16 September , 2022  

Ukraine in January-August of the current year reduced the export of titanium-bearing ores and concentrate in physical terms by 41.8% compared to the same period last year – up to 219.794 thousand tons.
According to statistics released by the State Customs Service (STS), in monetary terms, the export of titanium-bearing ores and concentrate decreased by 12.4% to $86.639 million.
At the same time, the main exports were to the Czech Republic (48.14% of supplies in monetary terms), the USA (13.55%) and Romania (7.49%).
Ukraine in January-August 2022 imported 100 tons of similar products from Senegal in the amount of $138 thousand, while in January-August 2021 it imported 731 tons of titanium-bearing ores in the amount of $686 thousand from Senegal (79.88%) and Germany (20 ,12%).
As reported, Ukraine in 2021 increased the export of titanium-bearing ores and concentrate in physical terms by 3% compared to 2020 – up to 553.051 thousand tons, in monetary terms, the export of titanium-bearing ores and concentrate increased by 17% – up to $161.914 million. the main exports were to Mexico (21.23% of deliveries in monetary terms), China (18.17%) and the Czech Republic (14.07%).
In 2021, Ukraine imported 1.172 thousand tons of titanium-containing ores worth $1.227 million from Senegal (87.03%) and Germany (12.97%), while in 2020 it imported 1.010 thousand tons worth $855 thousand.
In Ukraine, at present, titanium-bearing ores are mined mainly in the PJSC “United Mining and Chemical Company” (OGCC), under whose management the Volnogorsk Mining and Metallurgical Combine (VGMK, Dnepropetrovsk region) and the Irshansky mining and processing plant (IGOK, Zhytomyr region) were transferred .), as well as LLC “Mezhdurechensky GOK” and LLC “Valki-Ilmenit” (both LLC – Irshansk, Zhytomyr region).
In addition, the production and commercial company “Velta” (Dnepr) built a mining and concentration complex at the Birzulovsky deposit with a capacity of 240,000 tons of ilmenite concentrate per year.
Holding company Velta Group Global Ltd. registered in London in November 2011.

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