The country will raise tariffs on some imports of titanium-related goods from the United States
China's Tariff and Tax Commission has decided to raise tariff rates on some goods originating in the United States from June 1. Among them, some models of titanium dioxide, titanium dioxide-based pigments and products, titanium bars and profiles, titanium wires, etc. are subject to 10% tariff; some models of titanium powder, titanium plate, titanium tube, etc. are subject to 20% tariff; and some models of titanium ore, titanium iron, sponge titanium, etc. are subject to 25% tariff.
Jinchuan Titanium Plant will transfer 45% of its shares
In order to give full play to the decisive role of the market in resource allocation, improve resource utilization efficiency and raise capital for infrastructure construction projects in Gansu Province, Jinchuan Company recently intends to transfer 45% of the shares of titanium plants or introduce investors to hold no more than 45% of the shares. It is reported that the titanium plant of Jinchuan Company, funded by Jinchuan Company, was set up in December 2007. In 2013, due to the sharp drop in the price of sponge titanium, the chlorination process had technical bottlenecks and stopped production in July. In 2018, the application field of sponge titanium was expanded and the price was rising steadily. The group company asked the titanium plant to activate idle assets. The titanium plant has found advanced domestic technology and worked out a plan for restoring production. It plans to start technical transformation of existing equipment and facilities in 2019 and pilot production in 2020.
Longpeili intends to bid for 68.1% of the new titanium industry and 5.2 billion yuan of creditor's rights
On May 13, Longbo Li Lian Group Co., Ltd. (hereinafter referred to as Longbo Li) issued a public announcement that it intends to bid 829 million yuan for Yunnan Metallurgical Group Co., Ltd. (hereinafter referred to as "Yunnan Metallurgical Group") to publicly list and transfer 68.10% of Yunnan Metallurgical Xinli Titanium Industry Co., Ltd. (hereinafter referred to as "Xinli Titanium Industry") on April 18 in Beijing Property Exchange. 219 million yuan of creditor's rights. Longbaili said in the announcement that Xinli Titanium Industry is an earlier titanium production and processing enterprise in China. It has introduced advanced technology from abroad and built a production line of high titanium slag, chlorinated titanium dioxide and sponge titanium. If this project is successful, it will help to improve the production capacity of chlorinated titanium dioxide, increase the production line of sponge titanium, and grasp the development opportunities of chlorinated titanium dioxide and high-end titanium alloy materials. At the same time, it has a demonstration significance for promoting the technological progress of titanium dioxide and titanium alloy industry in China and improving the international market competitiveness.