Hongwang Invests $20.46B in Tanzania for Vanadium-Titanium Project, Boosting Global Titanium Supply Chain

[SMM Titanium Flash] Western Metal Materials announced on June 15 that its niobium alloy capacity has surged 80% to 90 tonnes per annum following the successful qualification of NASA and SpaceX standards. As a principal supplier to China's commercial launch sector, the firm's order book is fully booked through Q3 2027. Concurrently, the Phase II expansion—adding 4,000 tonnes of advanced titanium alloy ingot capacity—is slated for an August commissioning. This will elevate total output to 12,000 tonnes, effectively doubling the company's supply capability for defense and aerospace titanium applications.

[SMM Titanium Flash] Baoji Yesheng Titanium Industry's "Advanced Preparation Process Production Line for High-Performance Titanium, Hafnium, Niobium, and Tantalum Metal Materials" entered the public notice phase for EIA approval on June 12. The greenfield project involves a total investment of RMB 36 million and will procure key equipment, including vacuum consumable arc furnaces and electron beam melting furnaces. Upon commissioning, the facility will achieve an annual production capacity of 4,000 tons of titanium, hafnium, niobium, and tantalum ingots, along with 158.3 tons of titanium machined parts, further optimizing the high-end refractory metals processing landscape.

[SMM Titanium Flash News] Longbai Group announced that starting from June 5, 2026, it will raise the prices of all Xuelian® titanium dioxide products: by 1,000 yuan per ton in the domestic market and by 150 US dollars per ton in the international market. This price adjustment is based on the current market situation, and the company will continue to monitor market dynamics in the future.