Anning Co. to Issue RMB 2.5B in Bonds for Titanium and Iron Ore Projects Expansion

Published: Jun 7, 2026 22:05

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【SMM Titanium Flash】China’s titanium ore leader, Anning Co., Ltd., plans to issue convertible bonds to raise up to RMB 2.5 billion. The funds will be allocated to iron ore and titanium industry chain expansion projects.

Key allocations include RMB 1.157 billion for the Duijingou tailings storage facility to secure long-term iron ore resources, and RMB 715 million for a cold rolling and logistics project in Changzhou. This initiative bridges the gap between semi-finished titanium products and end-users, integrating its "60,000-ton energy-grade titanium materials" project.

The move aims to perfect the "titanium ore—titanium materials" full-industry-chain layout, solidifying the company's vertical integration and market competitiveness.

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