We are talking about sending a batch of 40 thousand tons, previously blocked in one of the Ukrainian seaports
The United Mining and Chemical Company (UMCC) has arranged the shipment of ilmenite ore through ports in Romania and Poland. Head of the State Property Fund, Olga Batova, told about it in interview for Interfax-Ukraine agency.
According to her, 40 thousand tons of raw materials have been shipped or are currently being transported. Previously, they were blocked in one of the Ukrainian seaports.
“After the beginning of the war, there were a lot of problems with logistics. Now, finally, management is solving them. The goods go through several ports in Romania and Poland. On February 24, in one of the Ukrainian seaports, there were about 40 thousand tons of UMCC ilmenite, which the military forbade to export due to hostilities. To date, 20 thousand tons have already been moved to one of the foreign ports. Another 20 thousand tons are being transported now. Part of it has already been exported to the United States,” said Olga Batova.
As GMK Center reported earlier, Ukrainian companies in January-June 2022 reduced export of titanium-containing ores and concentrate by 46.2% compared to the same period in 2021, to 157.3 thousand tons. In monetary terms, the export of titanium-containing ores over six months decreased by 21.1%, to $60.6 million.
Another player in the titanium ore market, Velta, also resumed shipment of raw materials from Ukraine.
UMCC at the end of 2021 increased income from sales of products by 47% compared to 2020 – up to UAH 4.59 billion.
UMCC produces titanium raw materials. The company sells its products to more than 30 countries around the world. Sales geography – EU, China, Turkey, USA, African countries. It includes two branches: Volnogorsk Mining and Metals Plant and Irshansky GOK.