Ukraine needs security guarantees to stimulate international investment in industrial production; Metinvest introduces AI to save resources at Zaporizhstal.

Yuriy Ryzhenkov, CEO of the mining and metallurgical company Metinvest, said that 2025 should be the year of recovery for the devastated Ukrainian economy, but this requires security guarantees that will become the basis for attracting international investment in vital sectors as lithium, uranium, and industrial production. This will provide the country with new jobs and technological opportunities.

As well, in 2024 the Metinvest metallurgical group implemented a solution based on AI technologies at its enterprise to detect defects in slab production  – a metallurgical semi-finished product from which rolled steel is produced at the Zaporizhstal plant. The projected savings per year from using the solution are estimated at $250,000, but this will increase as production volumes increase. Metinvest is considering selling the new technology to others in the industry.