TiO₂ Output Declines, Sponge Titanium Rises Amid Market Challenges in April 2026

[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.

[SMM Titanium Express] Sponge titanium production rose 3.49% month-on-month in April 2026, with cumulative year-on-year growth of 11.3%. Prices edged up to RMB 48,000-50,000/t this month, but remain under pressure from industry inventories and weak buying momentum in the downstream titanium materials market. The market is expected to continue narrow range-bound trading.

[SMM Titanium Express] TiO₂ production fell 4.86% month-on-month in April 2026, with cumulative year-on-year decline of 10.08%. Producer inventories dropped 9.87% month-on-month. The SMM China TiO₂ Index rose 6.94% from early April, driven by high sulfuric acid raw material costs and low inventory levels, fueling strong upward momentum from producers.