Deputy Prime Minister - Minister for Strategic Industries of Ukraine Oleh Uruskyy chaired a meeting titled "Ukraine 2030 - the new titanium leader of the world industry" that was held in the Government House on September 28, 2020.
The event was attended by deputies of the Verkhovna Rada of Ukraine, leaders of the Ministry of Economic Development, Trade and Agriculture, the Ministry of Finance, the State Property Fund, the National Academy of Sciences of Ukraine, foreign diplomats, heads of unions and associations, public and private companies, titanium industry experts.
"I am convinced that if aluminum is the metal of the 20th century, then the metal of the 21st century should be titanium. Now there is a trend to expand the scope of application of titanium products, which are used in various modifications and types in a wide variety of products," said Deputy Prime Minister Oleh Uruskyy.
He also noted that Ukraine has significant deposits of titanium. According to some estimates, up to 900 million tons of various ores. That is why it is necessary to raise issues about improving the quality of their processing and creating added value.
"I believe that we need to work on creating a closed cycle in the titanium industry: from the extraction of raw materials to the manufacturing of finished products from the metal. We have all the potential for that," Oleh Uruskyy assures. According to him, this will not be an easy path that will require investment and financial assistance, especially from Western partners.
Deputy Minister for Strategic Industries Vitalii Nemilostivy stressed: "One of the locomotives for the development of our economy and industry may become the industry of extraction, processing and manufacturing of titanium products." He stressed that if there was state support and the industry was developing, it would encourage investment by partners from the United States, Great Britain, Canada, France and other countries.
During the meeting, co-founder of the Ukrainian Institute for the Future Anatolii Amelin presented a project for the promotion of titanium industry in Ukraine until 2030 and demonstrated three possible development scenarios in the industry.
Also during the event it was stated that despite the fact that every year the country produces up to one million tons of titanium-containing concentrates, the bulk of which is not processed, but exported as raw materials. In general, the products are intensively supplied to countries in Europe, Asia and North America.
The export orientation of the industry, in particular the supply of concentrate and semi-finished products, as well as products with low added value, is due to the fact that Ukraine lacks sufficient processing capacity in titanium production. The latter should become an important factor in the development of the industry.
The situation needs to change. In order to promote industry’s development it proves necessary the following measures: systematic support from the state, creation of favorable conditions for doing business, attracting domestic and foreign investors, adopting modern technologies and increasing the production of titanium products with high added value.
The conducted meeting should become the first step in creating and implementing an effective strategy for the development of the titanium industry until 2030.