Project Description
- Processing capacity: ilmenite concentrate - 70 thousand tons/year; titanium slags - 36 thousand tons/year; sponge titanium - 15 thousand tons/year; titanium ingots - 15 thousand tons/year; titanium bars - 15 thousand tons/year.
- Planned output products: ilmenite concentrate, titanium slag, sponge titanium, titanium ingots, titanium bars.
- Sales markets: France, Germany, Russian Federation.
Project initiators
- Tumar Minerals Ltd. consists of two main divisions: subsoil and metallurgy, with the main project being the construction of a vertically integrated plant for the production of titanium products in Kazakhstan. Specialists with over 20 years' experience in the titanium industry have been recruited for this project
- The company also owns titanium deposits with reserves of over 2.5 million tons and is engaged in geological exploration to increase the raw material base. Highly qualified managers with experience in production, construction and subsoil use are involved in the project.
- Exploration licenses. One of the advantages of this project is that the initiator already has six licenses for exploration of titanium-bearing deposits in Kazakhstan.
- Also, titanium is a rare metal, and the realization of this project within the framework of the “Comprehensive Plan for the Development of the Rare and Rare Earth Metals Industry of the Republic of Kazakhstan 2024-2028” will be an excellent indicator and driver of the industry.
- Over the last 5 years, Kazakhstan has demonstrated a significant positive trade balance for titanium products, indicating a predominance of exports over imports.
- Exports of titanium products have shown a stable and significant volume starting from 21.6 thousand tons in 2019 and fluctuating around 13.5 thousand tons in 2023. This indicates a steady demand for Kazakhstani titanium products outside the country and Kazakhstan's strong position in international markets.
- In 2023, Kazakhstan imported 29 tons of titanium products, with Russia remaining the main supplier, accounting for 37.9% of total imports.
- There has been a surplus of production in all five years. The surplus was the largest in 2019 with 21,475 tons and gradually decreased in the following years. In 2020, the surplus was 12,289 tons, 16,875 tons in 2021, 15,612 tons in 2022, and 13522 tons in 2023.
- Thus, despite the increase in consumption in recent years, production has remained significant and provided a surplus of production relative to consumption, indicating a consistently high level of production relative to demand over the period under review.
- The surplus, while indicating a stable supply of demand, also offers opportunities for expansion of production.
