Rosatom takes on titanium // The State Corporation will fully buy out the Ilmenit mine

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Rosatom will become the sole owner of the Ilmenit plant, which produces raw materials for titanium production. Rosatom plans to invest “tens of billions of rubles” in the launch by 2029 of the second stage of the enterprise with a capacity of 6.9 million tons of mineral sands. The main consumer of the plant will be the titanium corporation VSMPO-Avisma, which is now forced to buy raw materials abroad. However, the plant will cover only a third of the needs of the Russian Federation, analysts say.

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