Business news from Ukraine

Business news from Ukraine

Ukraine reduced exports of titanium ores by 96.3%

30 October , 2023  

In January-September this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 96.3% compared to the same period last year, to 9,033 thousand tons.

According to statistics released by the State Customs Service, exports of titanium ores and concentrate decreased by 84.7% to $15.104 million in monetary terms.

The main exports were to Turkey (36.06% of supplies in monetary terms), Japan (21.25%) and India (6.75%).

During the period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.

As reported, in 2022, Ukraine reduced exports of titanium ore and concentrate in physical terms by 41.8% compared to the previous year to 322.143 thousand tons, and in monetary terms by 19.6% to $130.144 million. At the same time, the main exports were made to the Czech Republic (47.91% of supplies 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, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhirichinsky GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region).

In addition, Velta (Dnipro) has built a mining and processing plant at Birzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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