An Auction For Ukrainian REE Production Enterprise

The State Property Fund has announced an auction for the sale of the state-owned stake in the Titanium Institute with an initial price of ₴99.77M ($2.4M). The auction will be held on August 12. The Titanium Institute is the only comprehensive research and design institution in Europe focused on titanium and magnesium production, as well as primary non-ferrous metallurgy. The enterprise conducts a full range of research and design work on the production of rare earth metals (gallium, germanium, zirconium, hafnium, vanadium, tantalum, niobium, etc.). A subdivision of the Titanium Institute is the Zaporizhzhia Metallurgical Experimental and Industrial Plant, which produces titanium powders and products derived from them.

The State Property Fund has also listed the Ukrainian Scientific and Technical Center of the Energostal Metallurgical Industry in Kharkiv for privatization. This state-owned enterprise specialized in designing, reconstructing, and re-equipping mining and metallurgical complexes, as well as mechanical engineering facilities. The auction is scheduled for August 12, with a starting price of ₴10.47M ($0.3M). The Energostal plant is currently not operational. "Source:ubn.news.com"