NEQSOL Acquires Ukrainian UMCC to Build Critical Minerals Platform Linking Eastern Europe and Gulf States
NEQSOL Holding acquired the Ukrainian United Mining and Chemical Company for $95 million in 2024, marking its entry into the mining sector. This acquisition is part of NEQSOL's broader strategy to enhance supply chain resilience and cross-regional integration, focusing on titanium production. The company is exploring partnerships in the Gulf region to leverage its capital and industrial ambitions, aiming to strengthen both upstream production and downstream integration in critical minerals.
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NEQSOL Holding entered the mining sector in 2024 with a $95 million acquisition of the United Mining and Chemical Company (UMCC) in Ukraine, a major titanium producer. This deal signifies a strategic shift towards supply chain resilience and integration across regions.
In January 2026, NEQSOL participated in the Future Minerals Forum in Riyadh and met with stakeholders in Bahrain to explore titanium initiatives. The company's approach combines asset acquisition with a focus on governance and market integration. NEQSOL aims to connect Eastern European mineral wealth with Gulf industrial capabilities, positioning itself for long-term competitiveness in a volatile market.
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