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A Ukrainian titanium ore producer expects the market to gradually recover in the spring of 2021

  • Monday, January 25, 2021
  • Source:ferro-alloys.com

  • Keywords:Ukrainian titanium
[Fellow]A Ukrainian titanium ore producer expects the market to gradually recover in the spring of 2021

Ferro-alloys.com:A Ukrainian-based titanium ore producer announced that the company’s 2020 production of ilmenite concentrates is expected to be 120,000 metric tons, a year-on-year decrease of 20%.

Its chairman said: "Despite the negative impact of the coronavirus crisis on the global titanium industry, especially the low prices, we continue to implement production plans. By the end of 2020, all our orders are full. Based on the positive situation, we expect The market will gradually recover in the spring of 2021."

In 2020, the company's ilmenite concentrate sales structure will remain unchanged, with 51% sold to the domestic market and 49% exported to European customers. The company is developing another mine project, which is expected to approximately double its production capacity after it is put into production.

  • [Editor:zhaozihao]

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