Preliminary results of the feasibility study for the BGV Beryllium project in Ukraine have confirmed that investments in this project will be recouped within five years. This significantly outpaces the average payback periods in the industry, which typically range from 8 to 15 years.
This is reported by Business • Media
Project Potential and Strategic Importance
Expert analysis conducted according to international standards has demonstrated the high economic prospects of beryllium and zinc extraction. Currently, the primary focus is on these minerals, but associated elements that could become promising resources for further development and analysis are also being considered.
“The Ukrainian project holds strategic significance on a global scale, as the number of active beryllium deposits worldwide is limited, and the resources of the key American producer have been developed for over 70 years. This opens up the opportunity for Ukraine to become a supplier of beryllium to the markets of the EU, America, and Asia, ensuring diversification beyond China,” BGV believes.
The Importance of Beryllium for Industry
Beryllium alloys play a key role in the development of the aviation and defense sectors, and are also indispensable in nuclear energy and the electronics industry. As the number of active beryllium deposits worldwide remains limited, Ukraine has the chance to strengthen its position in the global market for strategic raw materials.