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

Published: Apr 30, 2026 18:39

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[SMM Titanium Flash News] On April 24, Hongwang Group officially announced an investment of approximately 20.46 billion yuan in Tanzania, leasing 500 hectares of land for a 33-year term to build an overseas vanadium-titanium magnetite raw material base. The project will integrate local minerals and energy, construct a "mining and processing integrated" hub, and address the pain point of high external dependence on domestic titanium ore. Domestically, titanium material projects in Loudi, Hunan, and Yangjiang, Guangdong, will be simultaneously promoted to form a two-way layout of overseas raw materials + domestic deep processing, ensuring the security of the high-end titanium material supply chain and accelerating participation in global titanium industry competition.

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