News

[SMM Titanium Flash] SMM, July 31: Recently, titanium concentrate prices have continued to weaken, with titanium concentrate (TiO2≥46%) prices down to 1,280-1,330 yuan/mt and titanium concentrate (TiO2≥47%) down to 1,550-1,650 yuan/mt. In H1 2026, China's cumulative imports of titanium concentrates reached 2.9288 million mt, up 13.56% YoY, marking significant import growth. Meanwhile, domestic ore capacity in regions such as Xinjiang and Chengde was also being released with incremental growth, further exacerbating the market oversupply. On the demand side, the titanium dioxide industry is in the off-season, coupled with persistently falling TiO2 prices. Some enterprises have suspended or cut production and are pushing for lower raw material prices, weighing on market sentiment for upstream titanium concentrates. Overall, the strong supply and weak demand pattern is unlikely to change in the short term, and imported titanium concentrate prices are expected to remain under pressure.

[SMM Express] The global ruthenium-iridium titanium anode market is projected to grow from USD 1.2 billion in 2025 to USD 2.5 billion by 2034, representing a compound annual growth rate (CAGR) of 9.3% over 2026-2034, according to a recent industry market report. Demand is expected to be supported by expanding applications in chlor-alkali production, electrolysis, electroplating, wastewater treatment, fuel cells and battery technologies, as industries seek more durable and energy-efficient electrode materials. Ruthenium-iridium titanium anodes are valued for their corrosion resistance, electrochemical stability and long operating life in aggressive industrial environments. Green hydrogen production is credited to be one of the strongest long-term growth drivers, alongside stricter environmental regulations encouraging advanced water treatment and cleaner chemical manufacturing. Growth in the electronics, semiconductor and energy sectors is also expected to support demand. However, the market continues to face challenges from the high cost and limited availability of ruthenium and iridium, with supply concentrated in a small number of producing countries.

[SMM Titanium Spot Flash Report: Leading Producer's Price Adjustment Impacts Market, Downward Trend May Accelerate] SMM, July 29: The titanium dioxide market showed a downward trend today. The leading producer's price adjustment affected market sentiment. The supply-demand pattern remained difficult to change for the time being, and it may continue to remain under pressure.

[SMM Magnesium Express]Recently, Anhui Benyu Automotive Parts Co., Ltd. accelerated the construction of a 30000 ton casting precision machining project in Dingqiao Town, with the main structure expected to be topped out by the end of October. The total investment of this project is 260 million yuan, and the expected annual output value after reaching production is 277 million yuan, which will achieve a breakthrough in the regional magnesium aluminum light alloy industry. With the implementation of the project, the local magnesium aluminum light alloy industry chain is expected to further improve.

[SMM Titanium Spot Express: Titanium Dioxide Market in the Doldrums, Cost Support and Weak Demand in Tug-of-War] SMM, July 27: The titanium dioxide market remained in the doldrums today, with mainstream prices stable WoW. A few transactions at lower prices did not affect mainstream quotations. Firm sulphuric acid prices limited the downside room for prices. Demand remained weak, with only small volumes of just-in-time procurement and a strong wait-and-see sentiment.

[SMM Express] Chinese titanium suppliers are expanding their focus towards international aerospace markets as global demand for the critical metal remains supported by aircraft manufacturing growth and supply chain constraints. Several Chinese companies showcased titanium sponge, ingots and other advanced materials at the Farnborough International Airshow in July 2026, seeking to strengthen relationships with overseas aerospace customers. Titanium is widely used in aerospace applications due to its high strength-to-weight ratio, corrosion resistance and ability to withstand extreme conditions. The metal is essential for aircraft components including airframes, landing gear and jet engine parts. The global titanium supply chain has faced disruptions in recent years, including the impact of the COVID-19 pandemic, sanctions affecting Russian supply and trade restrictions on Chinese materials. These factors have increased interest in alternative suppliers as aerospace manufacturers seek greater supply chain resilience. China remains one of the world’s leading titanium producers, with a growing domestic aerospace sector supported by companies such as COMAC. However, intense competition within the domestic market is encouraging Chinese suppliers to pursue export opportunities, particularly in Europe and other regions where aerospace-grade titanium supply remains constrained.

China's sulphuric acid market continues to weaken, index declines [SMM Sulphuric Acid Weekly Review]

[SMM Titanium Flash News]Recently, according to a report by Zunyi Release, the overall construction progress of the 4,500-ton titanium metal processing project in Tongzi County, Guizhou, has reached 95%, with all main components completed and fully entering the final sprint phase. With a total investment of 200 million yuan, the project will achieve an annual production capacity of 4,500 tons of titanium products, focusing on high-quality titanium processing products for aviation, aerospace, and civilian sectors. This project will effectively address the shortcomings in the regional new materials industry and enhance the capacity for refined titanium processing. As the project comes into operation, Tongzi County's titanium industry system is expected to further improve, injecting new momentum into the transformation and upgrading of the local industrial economy.

[SMM Titanium Dioxide Spot Report: Titanium dioxide market remains in the doldrums, with cost support and weak demand in a tug-of-war] SMM, July 21: Currently, the titanium dioxide market remains in the doldrums. The actual order signing price in the Panxi region has fallen to around 14,000 yuan/mt, with deals negotiated on an individual basis. On the supply side, operating rates are diverging. High sulphuric acid costs provide support, but downstream sectors such as coatings and plastics are in their off-season, demand is sluggish, and purchasing remains largely wait-and-see. In the short term, July and August are unlikely to see significant improvement. A phased recovery is expected from mid-to-late August to September, but the rebound will be limited.

[SMM Titanium Flash News] On July 21st, according to industry media reports, Anada released its performance forecast for the first half of 2026, achieving a net profit of 41.5 million yuan to 61.5 million yuan, successfully turning a loss of 26.27 million yuan from the same period last year into a profit. The company simultaneously announced that it will launch an integrated project with an annual output of 150000 tons of rutile titanium dioxide and 300000 tons of battery grade iron phosphate in Tongling, Anhui, with a total investment of nearly 3.3 billion yuan. This project utilizes ferrous sulfate heptahydrate, a byproduct of titanium dioxide, as the core raw material for iron phosphate, achieving 100% self-sufficiency in raw materials and bridging the upstream and downstream loop between traditional chemical and new energy materials. With the gradual release of the synergistic effect of dual main businesses, the integrated model of titanium dioxide enterprises relying on by-product resources to enter the new energy track is expected to become the mainstream direction of industry transformation.

China's Sulphuric Acid Market Sees Widespread Regional Declines, Maintenance Ends and Weakening Demand Weigh on Prices [SMM Sulphuric Acid Weekly Review]

[SMM Express] Titanium feedstock production in Africa continued to face mixed conditions during the first half of 2026, with operational challenges weighing on output at some mining operations despite steady downstream demand. At the Moma Titanium Minerals Mine in Mozambique, lower ore grades and delays in commissioning upgraded mining equipment reduced heavy mineral concentrate and ilmenite production during the second quarter, although shipments remained strong through inventory drawdowns. Across the broader African market, increased exports of titanium concentrates from producers in Mozambique, Sierra Leone and Nigeria have continued to supply Chinese buyers, contributing to a well-supplied ilmenite market and limiting price gains. In contrast, Western markets have remained relatively tight as mine curtailments and operational disruptions constrained feedstock availability. Demand for titanium feedstocks has remained resilient, supported by stable titanium dioxide pigment production and robust consumption from the titanium metal industry. Looking ahead, improvements in mining operations, particularly in Mozambique, together with trends in Chinese supply and downstream demand, are expected to remain key factors influencing titanium feedstock prices and trade flows.

China's sulphuric acid market remains stagnant at high levels, with intensifying regional divergence [SMM Sulphuric Acid Weekly Review]

China's Sulphuric Acid Market Regional Divergence Intensifies, Index Continues to Strengthen [SMM Sulphuric Acid Weekly Review]