Kenmare confirms non-binding approach for Mozambique mine owner

[SMM Titanium Spot Express: Pre-holiday stockpiling drives demand recovery, limited growth in new orders after the holiday] The titanium dioxide market remained stable overall today. Titanium concentrates stayed weak while sulphuric acid rebounded slightly, creating divergent cost pressures. Producers focused on delivering existing orders, but domestic demand growth was limited, and the market is expected to consolidate in the short term.

[SMM Titanium Flash] The UK Trade Remedies Authority has published an initial recommendation for a five-year mixed anti-dumping duty on Chinese rutile titanium dioxide. Proposed rates are 48.29%, with a minimum of £0.665/kg for cooperating exporters, and 63.66%, with a £0.876/kg minimum for other exporters. The TRA found dumping and an imminent threat of injury; May 2026 imports were more than 299% of their May 2025 volume. No duty has yet been imposed. Interested parties may comment until 26 October, after which the TRA will make a final recommendation to the Secretary of State. If adopted, the measure could support UK pigment producers facing rapidly rising Chinese imports, while raising sourcing costs or prompting supplier shifts for paint, plastics and paper manufacturers. The exact market effect depends on the minister’s decision and final scope.

The titanium market remained under pressure but stable after the holiday, with weak domestic demand causing the September peak season to fall short of expectations and market confidence to be subdued. Policies and export orders provided modest support, but exports remained constrained by barriers. In the short term, the titanium market is consolidating in a stalemate, and the outlook depends on orders and the pace of destocking in mid-to-late October.