South Korea will inject 81.8 billion won (US$75.5 million) into developing a domestic titanium parts and material industry that can make components for aircrafts, medical implant applications and industrial plants, the government said Tuesday.
The VSMPO-AVISMA Corporation, OJSC, is looking for new suppliers of ilmenite to rely on instead of supplier in turbulent Ukraine.
The VSMPO-AVISMA Corporation, OJSC has obtained ilmenite ahead of schedule from mining and processing facilities in Ukraine (Irshansk and Volnogorsk) as part of the 2014 contractual obligations.