Global Mining to Invest RMB 680M in Vanadium-Titanium Plant in Xinjiang, Aiming for 9M TPA Production

[SMM Titanium Express] Yongjin plans to invest RMB 1.15 billion in a 100,000 tpa ultra-thin precision stainless steel and titanium strip project in Zhejiang. Anning plans to raise RMB 715 million for a 40,000 tpa cold-rolled titanium project in Jiangsu. Both target high-end cold-rolled titanium: Yongjin focuses on 0.08-1.2mm ultra-thin gauges for electronics, while Anning leverages its Panxi titanium resources for 0.3-4.0mm wide products for chemical equipment and aerospace. Import substitution opportunities are significant.

[SMM Titanium Monthly Data] SMM data shows China's titanium dioxide production reached 353,800 mt in May 2026, up 6.31% month-on-month, with industry operating rate at 80%. Producer inventories stood at 263,000 mt, up 14.1% month-on-month. Sponge titanium production was approximately 24,800 mt, up 10.75% year-on-year, with little change from previous months.

[SMM Titanium Express] Jingyan Technology plans to invest RMB 400 million in an R&D and industrialization project for high-strength, high-toughness powder titanium alloy and precision injection-molded components, with a construction period of approximately three years. The project focuses on precision injection molding technology, aiming to optimize material formulations and process parameters, and gradually achieve industrial application of high-performance powder titanium alloy products.