KIEV, Sept. 5 – The creation of the national joint-stock company Titan Ukrayiny, in which the state would control a 50% +1 stake, would allow controlling up to 25% of the world's titan-magnesium ore deposits, acting Sumykhimprom Chairman Yevhen Lapin, said in an interview with the Ekonomicheskiye Izvestiya newspaper.

He said that Titan Ukrayiny could unite Sumykhimprom, Crimean Titan, Zaporizhia titan-magnesium ore mill, Vilnohirsk and Irshansk ore mining and processing mills and small companies of the sector.