The status of China's titanium industrial chain

Titanium's characteristics and resource reserves make it an important alternative metal material: the two most prominent advantages of titanium are its high specific strength and corrosion resistance, which determines that titanium must be in aerospace, weapons and equipment, energy, chemicals, and metallurgy. There are broad prospects for applications in fields such as construction, transportation and transportation. Abundant reserves provide the resource basis for the wide application of titanium.

The revaluation of titanium-zirconium resource values ​​helped the rare strategic metal ETF excel in performance: As the value of rare metals continues to be re-evaluated with consumption and industrial upgrading, especially after policy changes (such as China's rare earth export policy adjustment). In the medium to long term, rare strategic metal ETFs have the potential to preserve and increase value.

Our country has the advantage of developing the ore resources of the titanium industry: With the titanium reserves that account for nearly 30% of the world's total, China has the advantage of developing the titanium industry's ore resources. China's titanium resources are mainly ilmenite, which is concentrated in Panxi, Sichuan. China can develop titanium-steel symbiosis through the comprehensive development of vanadium and titanium resources, reduce titanium processing costs, and promote the sound development of titanium industry.

The titanium industry in China suffers from the common problem of “big but not strong”: As of 2010, China’s sponge titanium production reached more than 66,000 tons, which accounted for 1/3 of global production. China is already a major producer of titanium, but its development in titanium, metal products and titanium dioxide is still not enough.

Aerospace and industrial applications account for more than 80% of global demand for titanium products: Aerospace (including commercial and military) accounts for more than 30% of titanium product demand. Industrial applications account for half of the global demand for titanium products. With the wide application of titanium in the industrial field, the proportion of aerospace demand is declining. With developed aerospace and military defense industries, North America and the European Union are major consumers of titanium products.

The development of the aerospace and defense industry promoted the development of the titanium industry: According to Boeing's prediction, during the period from 2009 to 2029, the global number of passenger aircrafts will increase by an average of 3.3% annually, with more than 17,000 new aircraft purchased and nearly 14,000 replacement aircraft. The global civil aviation market has very broad development prospects. With the implementation of the domestic ARJ-21 and C919 commercial aircraft projects, the high-end development of the domestic titanium industry has both good policy and market support. Moreover, the national defense construction that matches the increase in economic strength will also promote the development of China's titanium industry, and gradually realize the transition from a resource advantage to an industrial chain advantage.

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