Ukraine has to create its own close cycle of titanium manufacture.
According to the Dmitry Firtash Group of Companies calculations, the replacement of the Russian VSMPO-Avisma on the titanium imports market will cost some $110 million, needed to modernize the Zaporozhye Titanium and Magnesium Works, while the full cycle, from the ore to the ready-made rolled metal, will cost around $2.5 billion.
This is confirmed by the estimates of other entrepreneurs, who have previously purchased licenses to develop Irshansk group deposits in Zhitomir region. (Ukrainian metal)