IREL, Kazakh company to form joint venture to harness India's titanium potential

Late post Indian Rare Earths Limited (IREL) has partnered with a Kazakhstan-based company to establish a joint venture aimed at developing India's titanium value chain. This collaboration focuses on processing low-grade ilmenite into high-grade titanium slag, a crucial material for aerospace and defense industries. Key Highlights: - Joint Venture Formation: The partnership will lead to the creation of IREUK Titanium Limited, a company dedicated to producing titanium slag in India. - Strategic Objectives: By processing low-grade ilmenite into high-grade titanium feedstock, the venture aims to establish a robust titanium value chain within India, reducing dependence on imports and enhancing self-reliance in critical materials. - Economic Impact: The project is expected to create significant employment opportunities, particularly in Odisha, contributing to regional economic development. This initiative aligns with India's broader strategy to develop its critical minerals sector and strengthen its position in the global titanium market. Source: https://m.economictimes.com/industry/indl-goods/svs/metals-mining/irel-kazakh-company-to-form-joint-venture-to-harness-indias-titanium-potential/articleshow/116339329.cms