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Ukraine counts on the interest of US investors in the titanium industry

Ukraine / North America / Non-ferrous metallurgy

The Government of Ukraine has launched a plan of measures to implement Zelensky's decree No. 306 "On stimulating the search, extraction and processing of minerals of strategic importance for the sustainable development of the economy and the state's defense capability.

Ukraine counts on the interest of US investors in the titanium industry

The prospects for attracting American investors to the titanium industry of Ukraine and the possibility of creating a full cycle of titanium production in the country will be discussed during the visit of the President of Ukraine Volodymyr Zelensky to the United States at the end of August this year, Deputy Prime Minister for Strategic Industries Oleg Urusky told the agency Interfax-Ukraine.

Commenting on the decree of the head of state No. 306 of 23 July this year, one of the points of which is the adoption within a 3-month period of the State Target Economic Program for the development of the titanium industry, the Deputy Prime Minister noted that the Ministry of Strategic Industry has long defended the need for such a program.

"Ukraine cannot but have a closed cycle of titanium production," he stressed.

According to Urusky, the privatization tender for the sale of the United Mining and Chemical Company, scheduled for August 30, is not an obstacle on this path, since even if its future owner is not ready to cooperate in this project, the country has other deposits of titanium raw materials .

The head of the Ministry of Strategic Industry clarified that the government at a meeting on August 11 approved a plan of measures to implement decree No. 306 "On stimulating the search, extraction and processing of minerals of strategic importance for the sustainable development of the economy and the state's defense capability", and is starting to implement it.

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