Inventory of hot events in the titanium industry in the first half of 2023

First, Tianyuan Group Pingshan Tianyuan waste Resources Comprehensive Utilization Project the first electric furnace was successfully put into production after one-time start-up.
  November 5, 2022, the first electric furnace of the comprehensive utilization project of Tianyuan waste resources in Pingshan officially began to bake. At 08:30 on January 9, 2023, the high titanium slag of the first electric furnace was successfully released, marking the successful start-up of the first electric furnace in the comprehensive utilization project of waste slag resources, and officially entered the stage of trial production.
The project covers an area of 140mu and has an annual production capacity of 75000 tons of high titanium slag in two phases. it is an important part of the "one body and two wings" titanium industry development strategy of Tianyuan Group. the completion and operation can provide important raw material support for Haifeng and Tai Chloride titanium dioxide production base, a key measure to make up for titanium raw material shortages and a strong guarantee for building and perfecting the upstream and downstream titanium industry chain. It is the ballast stone for the company to maintain its competitiveness and profitability in the titanium industry for a long time.

Second, the honesty new material titanium series product project settled in Guang'an, Sichuan with a total investment of 12 billion yuan.
On February 16, Hebei Integrity Group Co., Ltd. new material titanium series product project, signed a contract in Chengdu to settle in Guang'an, Sichuan. This is the third industrial project with a single investment of more than 10 billion yuan introduced by Guang'an in the last year. The series of products of the project will be widely used in aerospace, biomedical, marine engineering and other fields.
The new material titanium series product project signed this time, with a total investment of about 12 billion yuan and covers an area of about 1260 mu, can realize the comprehensive utilization of by-products and intermediate products of the existing industrial chain. the series of products will be widely used in aerospace, biomedical, marine engineering and other fields. After all the projects are completed and reach production, the annual output value will be about 20 billion yuan and the annual tax revenue will be about 2.5 billion yuan.

Third, Longbai Group: the first phase of the company's annual processing project of 1 million tons of titanium-zirconium ore built in Rizhao, Shandong Province is expected to be completed and put into production in the first half of this year. The project will have the capacity to handle 500000 tons of titanium-zirconium ore annually after completion.
On February 20th, Longbai Group retained 133.1072 million tons of vanadium-titanium magnetite resources in Panzhihua until the end of 2021. After Miaozigou Iron Mine and Xujiagou Iron Mine were included in the consolidated report in 2022, the amount of vanadium titanium magnetite resources controlled by the company more than doubled, that is, an increase of 197.4456 million tons. During the 14th five-year Plan period, the company will strengthen the construction of its own "granary" and promote the construction of new ilmenite projects such as the integration of the two mines in Hongge Mining area and the development of Xujiagou, and strive to achieve an annual output of 7.6 million tons of iron concentrate and 2.48 million tons of titanium concentrate by the end of the 14th five-year Plan period. the company's overall self-sufficiency rate of titanium ore will reach about 70%. At the same time, the company promotes the transformation and upgrading of Ruierxin production line to increase the production capacity of titanium concentrate and achieve the supply capacity of 400000 tons / year titanium concentrate by 2025. The first phase of the 1 million-ton titanium-zirconium ore project built by the company in Rizhao, Shandong Province is expected to be completed and put into production in the first half of this year. To sum up, the company has taken more measures to fully ensure the supply of raw materials. Thank you!

4. Longbai Group: 30,000 tons of titanium sponge capacity will be added this year. The demand for high-end sponge titanium will grow rapidly in the future.
On February 22, by the end of 2022, the company has a production capacity of 50,000 tons of titanium sponge per year, with a monthly output of more than 4,000 tons, ranking first in the industry. At the end of 2023, the company's annual production capacity of 30,000 tons of rotor sponge titanium in Jinchang, Gansu Province (Phase II) 15000 tons and Yunnan Lufeng's annual production capacity of 30,000 tons of rotor sponge titanium intelligent manufacturing technology renovation project (Phase II) 15000 tons will be completed and put into production, at that time the company will have an annual production capacity of 80,000 tons of sponge titanium. In the future, the company will plan and build sponge titanium projects in Panzhihua and other bases to consolidate its leading position. The average selling price of the company's sponge titanium, the current product grade of 50,000 tons of sponge titanium and the price differences of different products, Longbai Group said: the average selling price of the company's sponge titanium products (including tax) is about 70,000 yuan per ton. The products of grade 1 or above account for a relatively high proportion, and the price difference of each grade is 2000-3000 yuan / ton. With the acceleration of the localization of military and civil aircraft, as well as the growth of demand in the field of consumption, the demand for high quality sponge titanium will increase rapidly. The company will continue to improve the process, control the cost, and increase the proportion of more than 1 grade products.

5. Feasibility study report on the project of titanium dioxide post-treatment in Cihu High-tech Zone, Maanshan City, Anhui Province.
The structural contradiction of Chinese titanium dioxide products is more prominent, titanium dioxide products are mainly non-pigment grade enamel and electrode, high-end special anatase and high-end rutile titanium dioxide need to be imported. With the expansion of the consumption market of titanium dioxide in China, the wide application of international advanced equipment, technology and automatic control technology in China, as well as the continuous improvement of the production process of titanium dioxide in China, the proportion of rutile products representing the comprehensive capacity of production enterprises has increased year by year, and the variety has developed from several general varieties to nearly 100 functional special varieties. The product quality of some large enterprises is close to the first-class level of similar products in the world, and can partly replace imported products for middle and high-end fields.
The total investment of the 200000 tons / year titanium dioxide post-treatment project of China Nuclear Titanium dioxide Company is 639.5201 million yuan. It is proposed to use the funds raised by this issue to invest 230 million yuan, and the rest will be invested by the company itself. With the company's annual output of 100000 tons of rutile titanium dioxide resources comprehensive utilization project put into production in 2019, and the future production and production capacity release of this project's 200000 tons / year titanium dioxide post-treatment project, the company's business scale will further expand, resulting in a large demand for liquidity.

6. Longbai Group: the current monthly output of the innovative construction project of 300000 tons of titanium chloride slag is about 10,000 tons.
Longbai Group said on the investor interactive platform on February 28th that the company's innovative construction project of upgrading 500000 tons of Panxi titanium concentrate to 300000 tons of titanium chloride slag has been running steadily since it was put into production, and its output has increased month by month, with a monthly output of about 10, 000 tons, which has been used in the production of titanium dioxide by chlorination process.

Base Titanium starts mining at the new site in Kwale
BaseTitanium has begun mining at its new plant in Kwale and expects to extend the useful life of its mine until the end of next year. BaseResources, the Australian-based parent company, said in a new trading report that mining in the new mine, called Bumamani, was scheduled to start at the end of February.
The company expects to receive 42000 tons of rutile, 171000 tons of ilmenite and 20, 000 tons of zircon from the new mine, which covers the north sand dunes of Kwale. In addition, BaseTitanium is also conducting early exploration in a new mining area east of the Kwale operation area, which may be extended beyond next year if the production is high.

VIII. The promotion meeting of the whole industry chain project of 60,000 tons of energy-grade titanium (alloy) materials will be held.
On the morning of March 3, the Vanadium-Titanium High-tech Zone of Panzhihua City, Sichuan Province, organized the promotion meeting of the whole industry chain project of 60,000 tons of energy-grade titanium (alloy) materials. Shen Hongjian, deputy secretary of the Party work Committee and executive deputy director of the Management Committee, presided over the meeting. the relevant departments of the project class participated.
One by one, the meeting listened to reports on the work of Like Nineteen smelting abandoned roads, construction and production water and electricity, and 5G network construction, and discussed the difficulties and problems existing in the progress of the project. discuss and clarify the solution measures, responsible departments and time nodes.
The meeting stressed: first, the project has been listed as a key project of the city and district, and all departments should attach great importance to it, organize it meticulously, strengthen coordination and cooperation, and make every effort to promote the project. Second, in accordance with the clear work tasks and time nodes of this meeting, reverse the project schedule, strictly compare the work tasks and time nodes, and do a good job in plan examination and approval, formalities, financial guarantee and other work to ensure the orderly progress of the project. Third, the owner and the departments involved should take the initiative to sort out and collect problems and opinions, and timely report to the special class for research and solution.

IX. The first product of the new high-end sponge titanium technical renovation project of Guizhou Zunti Group has been released.
& nbsp; March 21, the first product launch ceremony of the new high-end sponge titanium technical renovation project of Zunti Group was held in the joint-stock company. Wu Wei, deputy secretary of the party committee and general manager of the group company, attended the ceremony and delivered a speech.
The new high-end sponge titanium technical renovation project is one of the strategic measures to promote the high-quality development of the enterprise around the "four new" and "four modernizations". After the project is successfully put into production, it will further enhance its competitiveness in the high-end market of sponge titanium and continue to contribute to the high-quality industrial development of Guizhou Province.

10. Bao Ti shares: after the company's investment project reaches production, it is expected that the annual production capacity of titanium and titanium alloy ingots will increase by 10000 tons.
600456.SH said on the investor interactive platform on March 29th that the construction of the company's investment project is actively under way. For details, please refer to the "Special report on the Deposit and actual use of raised funds" disclosed by the company in the semi-annual and annual period. According to the feasibility analysis report of the fund-raising project, it is estimated that after the completion of the project, the annual production capacity of titanium and titanium alloy ingots, pipes, profiles, plates, strips and foil will be 10000 tons, 290tons, 100tons, 1500 tons, 5000 tons and 500tons respectively.

Titanium dioxide company Venator applies for recapitalization under the protection of US bankruptcy law
VNTR.N) said in a court filing that it had filed for bankruptcy protection in the United States. Venator estimated its assets and liabilities at between $1 billion and $10 billion, according to documents filed with the bankruptcy court for the southern district of Texas.
The producer reported a loss of $228 million in the last three months of 2022 due to falling demand and rising costs, and it intends to apply for a recapitalization through Chapter 11 of the US bankruptcy law, funded by the debtor's assets held (DIP) facility, including a $275 million commitment by creditors to provide new financing.
Venator has long struggled to remain competitive, reporting that titanium dioxide revenues fell 41 per cent year-on-year in the fourth quarter of 2022 due to falling demand and currency headwinds, and the situation is expected to worsen in the first quarter of 2023. Venator has long struggled to remain competitive, reporting that titanium dioxide revenues fell 41 per cent year-on-year in the fourth quarter of 2022 due to falling demand and currency headwinds, and the situation is expected to worsen in the first quarter of 2023.

The signing ceremony of Yunnan Guoti equity cooperation, a subsidiary of Longbai Group, was successfully held.
On May 24, the signing ceremony of Yunnan Guoti equity cooperation, a subsidiary of Longbai Group, was held in Kunming. The total amount of contract signed is 2.272 billion yuan, including 900 million yuan of Shenzhen Innovation Investment Group and 400 million yuan of China Building Materials New Materials Fund.
At present, Yunnan Guoti has initially established the whole process industrial chain of "ilmenite → titanium concentrate → high titanium slag → titanium tetrachloride → electrolysis magnesium → sponge titanium". The existing sponge titanium production capacity is 50,000 tons / year, and the sponge titanium production capacity is in the forefront of the world. At the same time, it has the international advanced "magnesium reduction distillation" process and "inverted U" joint production process.

ST Dinglong: at present, the total amount of ilmenite in the company's five ilmenite mines exceeds 12 million tons.
ST 002502.SZ said on the investor interactive platform on May 30th that the total amount of ilmenite in the company's five ilmenite mines is more than 12 million tons, and the two ilmenite production lines that have been completed and put into production have a titanium concentrate capacity of 160000 tons per year. On the one hand, the company will continue to explore and integrate ilmenite placer resources with development value, continuously enhance the exploration degree of various mines, and strive to continuously enhance the company's ilmenite placer resources reserves. on the other hand, it will also continue to promote the construction of the rest of the ilmenite production line and the handling of relevant qualification and license documents, and the continuous construction and production operation of the ilmenite production line will bring sustainable economic benefits. Continuously improve the company's core competitiveness and sustainable management ability.

14. Vanadium and titanium shares: successful thermal load test of 253000 tons / year grinding line
On May 30th, the thermal load test of the 253000 t / a titanium smelting line was an one-time success, two days ahead of schedule, laying a solid foundation for the project to be put into production as scheduled.
The 253000 t / a breaking and grinding line project is the key work of the titanium smelting line this year. After the project is put into production, it can effectively meet the particle requirements of the 60, 000 t / a titanium dioxide project of molten salt chlorination process and downstream customers of Panzhihua Iron and Steel Co., Ltd., and help the development of the company's titanium industry.
Since the formal construction of the project in February this year, the titanium smelting production line has sent strong troops to set up a project department, draw up a network progress map, define the construction progress nodes and their responsible persons, and implement the responsibilities in a solid manner. promote the project construction with "strict and detailed and constant" work style.