The Velta team, consisting of Matthew Murray, the Chairman of the Advisory Board and Artem Yarovinsky, the Business Development Director, attended the Recovery Ukraine conference in Berlin.
The primary focus of the visit was to address challenges faced by the existing titanium mining business, particularly issues related to maritime logistics, which were discussed at a roundtable on insurance.
“I believe it highly effective to address logistics and cargo insurance issues during wartime in tandem with David DeVoll, the Head of Global Raw Materials Procurement at Chemours, our main client in the U.S. for over 10 years,” said Artem Yarovinsky, the Business Development Director.
Additionally, Velta’s project to construct a Ukrainian titanium complex was featured in the Investment Guide as one of the top 10 projects in the critical raw materials sector. It includes titanium raw material extraction, a plant for producing titanium powder using innovative technology and manufacturing high-value-added final products.
During the panel “Ukrainian Critical Raw Materials for the New Global Economy,” Matthew Murray, the Chairman of the Advisory Board, emphasized that “Velta has been supplying feedstock for the global titanium market for 12 years, and is now moving towards vertical integration by developing and testing a new technology for titanium powder production. We aim to become an integral part of the global titanium market for finished products, with assets both in Ukraine and globally. We believe we are well-prepared to address the supply chain challenges for titanium in the United States and Europe, which have been exacerbated by the war and the vulnerabilities caused by dependence on China and Russia.”
“Following the conference, I want to note that from the Ukrainian side, there is work to be done, particularly in terms of the readiness of the projects we propose to partners. Of course, the war introduces uncertainty, but when it comes to real investments, we must understand that a clear and comprehensive documentation package is needed for each project proposed by Ukraine, whether state or private,” noted Andriy Brodsky, CEO of Velta.
