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Ukraine starts supplying titanium ore to Russia — company

June 17, 2015, 15:26 UTC+3 YEKATERINBURG
The ore is supplied from the Dnipropetrovsk Region
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YEKATERINBURG, June 17. /TASS/. Ukraine started supplying titano-ferrite to Russia. The titanium ore is supplied to Russia’s VSMPO-AVISMA from Volnogorsky mining and concentrating mill in Ukraine’s Dnipropetrovsk Region, the press service of VSMPO-AVISMA said on Wednesday. The first lot of titano-ferrite has already been received, the press service reported.

The annual contract was closed in May. "Shipment started and first railcars arrived at AVISMA," company’s representative said. Details and terms of the contract are not disclosed. The total demand of the Russian corporation for raw materials is up to 120,000 tonnes a year.

VSMPO-AVISMA is the largest global manufacturer of titanium alloys. The controlling stake in the company’s capital belongs to its management, while state-controlled Rostec holds a blocking stake of 25% plus one share in VSMPO-AVISMA. About 10% of shares are in the free float and traded on the Moscow Exchange.

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