Anning Iron and Titanium to Commission New Titanium Dioxide and Titanium Sponge Capacity, Good News for Titanium Concentrate Prices

SHANGHAI, Feb 21 (SMM) - According to a survey disclosed by Anning Iron and Titanium recently, its capacity and output of titanium dioxide in 2022 both recorded a small increase, and its new titanium dioxide capacity to be release in 2023 will fuel the demand for titanium concentrates.

At the same time, the global titanium sponge market is thriving, which also stokes the demand for titanium concentrates among titanium sponge producers.

In terms of titanium concentrate supplies, the limited resources have constrained the growth of its new capacity, resulting in low inventory of titanium concentrates. Since the demand growth lightly will outpace that of the supply, the supply of titanium ore will be tight, which suggests that titanium concentrate prices are likely to go up in near future.