Ukraine seeks investors in the titanium industry, which could potentially provide up to 5% of the country’s GDP.

Vitaliy Koval, the State Property Fund (SPFU) head, said: “We are among the five leading countries in titanium ore reserves. We will also be among the leading countries that produce products from titanium raw materials. Today, foreign partners are interested in creating joint titanium ventures outside the country; Ukraine wants titanium enterprises to be created within our country.”

He is confident that the titanium industry can contribute up to 5% of Ukraine’s GDP in the future.

Koval emphasized that over the next 20 years, the world needs to produce 42,000 civil aviation aircraft, primarily using titanium for their construction. According to his observations, interest in Ukrainian titanium is high, in particular among Japanese and American titanium companies.

The SPFU currently manages several key companies that extract and process titanium raw materials, including the Zaporizhia Titanium-Magnesium Plant, United Mining and Chemical Company, Demurinsky Mining and Processing Plant, Titan Ukraine, and  Sumykhimprom.