News Industry titanium ores 19 October 2022
In January-September 2022, mining companies shipped 244.1 thousand tons of titanium ores abroad
In September 2022, Ukrainian enterprises of the mining and metal complex reduced the export of titanium ores by 16.4% compared to the previous month – to 24.4 thousand tons. In monetary terms, exports for this period also decreased by 12.5% m/m – up to $11.9 million. This is evidenced by State Customs Service’s data.
On an annual basis, the export of titanium ores from Ukraine in September 2022 decreased by 38.7% in physical terms and increased by 7.5% in monetary terms.
In January-September 2022, Ukrainian enterprises exported 244.1 thousand tons of titanium ores, which is 40.8% less than in the same period of 2021. Export revenue for this period decreased by 10.4% y/y – to $98.5 million.
The main consumers of Ukrainian titanium ores in January-September 2022 were the Czech Republic (48.94% in monetary terms), the USA (12.53%), Romania (6.59%).
As GMK Center reported earlier, in 2021, Ukraine increased exports of titanium ores and concentrate by 3% compared to 2020 – up to 553.05 thousand tons. In monetary terms, during this period, exports increased by 17% y/y – up to $161.9 million. The main deliveries were made to Mexico (21.23% of deliveries in monetary terms).
Ukraine is one of the few countries with a closed production cycle in the titanium industry, from the extraction of titanium-containing ores and their processing to the production of finished products.
United Mining and Chemical Company, Mizhrichensky Mining and Valky-Ilmenit currently mine titanium ores in Ukraine. In addition, Velta has built a 240,000-ton ilmenite concentrate mining and quarry at the Birzulivske field.