Yongjin Stock Breaks Ground on Precision Metal Materials Project in Zhejiang

[SMM Titanium Spot Express: Pre-holiday Purchases Fall Short of Expectations, Titanium Market Remains Stable]. Pre-holiday stockpiling fell short of expectations, with many orders postponed until after the National Day holiday. Although there was slight destocking, the extent was limited, and overall demand remained weak.

[SMM Titanium Flash] Kazera Global said Whale Head Minerals’ mining right over Sea Concession 2A in South Africa’s Northern Cape was formally executed on 23 September, following a grant announced on 2 September. Disclosed on 24 September, the execution covers a 3,095-hectare heavy mineral sands development that includes rutile. Under Kazera’s agreement with South Africa AT Investments, it triggers a further US$1.75 million advance payment against future production. Kazera did not say in this release that the payment had been received. Execution clears a regulatory step for the proposed expansion. Under the agreement, the partner is responsible for capital and operating funding, while Whale Head Minerals retains a 20% cost-free production entitlement. Kazera targets commercial production from enlarged operations in the first quarter of 2027. That timetable and the proposed volumes are plans, not output already achieved at Concession 2A.

【SMM Titanium Flash】Recently, Amaero, a producer of spherical titanium alloy and refractory metal powders, announced that it has postponed its originally planned IPO on Nasdaq due to unfavorable market conditions. The company had intended to raise approximately $52.6 million, and the announcement of the postponement came just two days after the filing, reflecting the current cautious attitude of the US stock market towards small and medium-sized advanced manufacturing IPOs. The company emphasized that its existing expansion plans remain unaffected, and the fourth EIGA atomization system is still scheduled to be put into production in June 2027, at which point the annual production capacity will increase from 680 tons to 920 tons. In the first half of fiscal year 2026, revenue reached approximately $7.4 million, representing a more than six-fold increase year-on-year, but the net loss widened to $13.4 million. This failed IPO highlights the capitalization pressure faced by the titanium powder additive manufacturing sector amid high demand growth and profit pressure.