Vice PM Urusky suggests expanding use of titanium in various spheres.

UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Vice Prime Minister - Minister of Strategic Industries of Ukraine Oleh Urusky suggests expanding the use of titanium in various spheres and improving the quality of its processing.

"I am convinced that if aluminum is the metal of the 20th century, then titanium should be the metal of the 21st century. Now there is a tendency to expand the scope of titanium items which are used in various modifications and types in a variety of products," Urusky said during a meeting entitled "Ukraine 2030 - new titanium leader of world industry", the press service of the Vice PM informs.

As noted, Ukraine has significant titanium deposits: up to 900 million tonnes of various ores, according to some estimates. That is why it is necessary to raise an issue of 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 production of finished titanium products. We have all the potential opportunities for this," Urusky stressed.

According to the official, this will not be an easy path and will require investment and financial assistance, especially from Western partners.

Deputy Minister of Strategic Industries Vitaliy Nemilostivy stressed that one of the locomotives of economic and industrial development could be mining, processing, and manufacturing of titanium products. “If the state support is granted and the industry develops, it will stimulate investments of partners from the USA, the UK, Canada, France and other countries,” he said.

ol

Related news

DTEK Renewables posts UAH 440 mln net profit in H1, 2020.

DTEK Renewables B.V., which manages DTEK's renewable energy assets, received UAH 440 million in net profit in the first half of 2020, the company said.

PM Shmyhal: Ukraine made significant progress in fulfilling its obligations to IMF.

Prime Minister Denys Shmyhal says that Ukraine has managed to make significant progress in fulfilling its obligations to the International Monetary Fund (IMF).

PM Shmyhal reports on rapprochement with IMF

Ukraine has made significant progress in fulfilling its commitments to the IMF.

1 2

Statistics service: Highest average wages paid in Ukrainian capital, Donetsk region.

The lowest average wage in the country was recorded in Volyn region.

Cabinet lifts cap on salaries of SOE top managers

The government adopted the relevant resolution on October 26.

Ukraine stops injecting gas into USFs, starts pumping it out for heating season.

Natural gas is being taken from three storage facilities.

Finance Ministry reports on spending from COVID-19 Relief Fund.

Some US$204.4 million out of US$574.6 million, or 35%, was spent for healthcare.

1 3

French company to help modernize Ukrainian railway rolling stock.

October 27, President of Ukraine Volodymyr Zelensky met with CEO of Alstom Henri Poupart-Lafarge and discussed prospects for cooperation in the railway sector.

1 4

Minister Petrashko, Italian ambassador discuss issues of enhancing bilateral cooperation.

Minister for Development of Economy, Trade and Agriculture Ihor Petrashko has held a meeting with Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Ukraine Davide La Cecilia, according to the Government portal.

3 2

High Anti-Corruption Court rules to reopen probe into Rotterdam+ coal supply model – media.

A month ago, the court saw no grounds to reopen the case.

5 4

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies