- Lubei Chemical Co-Establishes Zirconium and Titanium New Materials Company:
Lubei Chemical, Shanghai Taibao Chemical, and Hainan Xinfu Supply Chain jointly invested to establish a new company, investing in a 600,000-ton zirconium and titanium ore beneficiation project.
The purpose is to meet the demand for titanium ore resources, improve titanium dioxide production capacity and profitability, and have a positive impact on the company’s competitiveness and strategic layout. - Venator’s Transformation Plan:
Venator announced that it will dismantle its 50kt titanium dioxide production capacity in Germany in the second quarter of 2024, focusing on the functional additives business.
This may impact the global titanium dioxide supply pattern, prompting companies to seek new suppliers or strengthen their own production capacity. - Change in Control of Anhui Anada:
Tonghua Group, the controlling shareholder of Anhui Anada Holdings, plans to transfer its shares to Wanhua Battery, and the actual controller will change to the Yantai State-owned Assets Supervision and Administration Commission.
The change in actual control may lead to adjustments in the company’s strategy and management, affecting the company’s development and competitiveness in the titanium industry. - Lubei Chemical’s Chloride-Based Titanium Dioxide Expansion Project:
Lubei Chemical plans to invest 719 million yuan to expand its chloride-based titanium dioxide production capacity by 60,000 tons per year.
The project will enhance the company’s competitiveness in the titanium dioxide market, which may impact market prices and supply. - India’s Anti-Dumping Investigation on Chinese Titanium Dioxide:
India is conducting an anti-dumping investigation, the results of which may restrict China’s titanium dioxide exports, affecting the international market competitiveness of Chinese companies. - Shaanxi Titanium and Titanium Alloy Industry Innovation Cluster Action Plan:
Shaanxi Province has issued an action plan to promote the cultivation of a trillion-level titanium and titanium alloy industry innovation cluster.
It will help accelerate the high-quality development of the titanium and titanium alloy industry and form new productive forces. - Jintian Titanium IPO and Expansion Plan:
Jintian Titanium raised 1.045 billion yuan through the STAR Market IPO, which will be used for the expansion of advanced titanium alloy projects for high-end equipment.
The IPO and expansion will enhance the company’s financial strength and production capacity, promoting its development in the high-end titanium alloy field. - Panzhihua Titanium Resource Comprehensive Utilization Project:
Panzhihua and Shenzhen Nabi Chemical Group are cooperating to build a comprehensive utilization project with an annual processing capacity of 4.3 million tons of high-titanium blast furnace slag.
The project will promote the comprehensive utilization of titanium resources and provide support for Panzhihua to build a world-class vanadium and titanium industrial base. - Ishihara Sangyo’s Plan to Close its Sulfate Process Titanium Dioxide Factory in Japan:
Ishihara Sangyo plans to close its sulfate process titanium dioxide production base in Yokkaichi, Japan, by the end of March 2027.
This move may impact the global supply of sulfate process titanium dioxide, prompting the market to seek alternative products or technologies. - Chemours’ Temporary Suspension of Titanium Dioxide Production at its Mexico Factory:
Due to severe drought, Chemours has suspended titanium dioxide production lines at its Mexico factory as per government requirements to reduce water consumption.
The production suspension may impact the company’s supply chain and market supply, affecting the global titanium dioxide market to some extent.
