Ukraine's UMCC Titanium aims to double product shipments to 200,000 tonnes in 2024

MOSCOW. March 18 (Interfax) - Ukraine's UMCC Titanium shipped more than 102,000 tonnes of product in 2023 and aims to almost double shipments to 200,000 tonnes in 2024, Ukrainian media reported, citing the company.

UMCC said it signed contracts in the fourth quarter of 2023 and so far this year to ship 80,000 tonnes to customers in the European Union and the United States.

UMCC resumed mining and processing ilmenite concentrate at its Irshansk Mining and Processing Plant (IMPP), which had been idle since October 2022, in July 2023.

UMCC began actual operations as a state company in August 2014, when the Ukrainian government decided to give it control of the assets of the Volnogorsk Mining and Metallurgical Plant and IMPP. They were previously leased by a company controlled by businessman Dmitry Firtash.

UMCC previously sold its products to more than 30 countries and had a 4% share of the global market for titanium raw materials.