Ukrainian holding company will strengthen the US in the fight against China in the global titanium market by building a $100M plant.

The US Export-Import Bank (EXIM) has issued a letter of intent to provide $60M in financing with a 20-year maturity to Velta Holding U.S. Inc., the parent company of Ukrainian titanium producer Velta. The funds will be used to build a modern 1,000-ton titanium powder and…