Ukraine exported 24,000 tons of titanium ores in September 2022

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.