Business news from Ukraine

Ukraine reduced imports of aluminum ores and concentrate by 99.98%

15 April , 2023  

Ukraine in January-March this year, Ukraine reduced imports of aluminum ores and concentrate (bauxite) in physical terms by 99.98% compared to the same period last year – up to 202 tons.

According to statistics released by the State Customs Service (SCS), during this period, imports of bauxite in monetary terms decreased by 99.6% – to $164 thousand.

At the same time, imports were mainly from Guinea (100% of supplies in money terms).

Ukraine did not re-export bauxite in 1Q2023, like in 1Q2022.

As reported, Ukraine in 2022 decreased the import of aluminum ore and concentrate (bauxite) in volume terms by 81.5% compared to the previous year – up to 945.396 tons. Bauxite imports in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%) and Ghana (7.48%).

Bauxite is an aluminum ore used as a raw material for the production of alumina, and from it, aluminum. They are also used as fluxes in steel industry.

Bauxite is imported into Ukraine by the Nikolaev Alumina Refinery (NGR), which before the war was affiliated with the United Company (UC) Russian Aluminum (RusAl, RF). Bauxite is used to produce alumina.

“RusAl in Ukraine also previously owned a stake in the Zaporozhye Aluminum Plant (ZALK), which stopped producing primary aluminum and alumina.

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