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China's Brilliant Titanium Industry Achievements in 2020 _ China

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Posted: 8/1/2022
Expires: 1/30/2023

Asia, Pacific and Middle East : India > bhubaneswar
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Original Title China's Brilliant Titanium Industry Achievements in 2020 In 2020 the sudden outbreak of COVID-19 had a serious impact on the world economy The global economy trade and investment suffered setbacks and the economic growth of major economies such as the United States the European Union Japan and China was divided In 2020 Boeing Airbus and other international aviation companies titanium tubing price with the largest demand for titanium materials were affected by the epidemic and their orders were greatly reduced resulting in a sharp drop in international demand for titanium Taking Russia as an example the annual output of titanium processing materials is only 26000 tons a decrease of 235% compared with the same period last year However China's titanium industry outshines others with the output of titanium materials reaching nearly 100000 tons accounting for more than 50% of the global output of titanium materials It is estimated that the output of global titanium processing materials will be close to 200000 tons a certain increase compared with the same period last year Development of China's Titanium Industry in 2020 Titanium industry capacity expansion By the end of 2020 the production capacity of titanium sponge in China has increased by 120% compared with 2019 reaching 177000 tons which is mainly due to the continuous merger reorganization and expansion of domestic large-scale titanium sponge production enterprises which are optimistic about the growth of future demand The top three titanium sponge manufacturers with the largest output in China have expanded their production capacity to varying degrees in 2020 especially Luoyang Shuangrui Wanji Titanium Industry Co Ltd which has increased its production capacity by 10000 tons In 2020 the overall operating rate of titanium sponge industry in China will reach 70% According to the statistics of 33 titanium ingot production enterprises the production capacity of titanium ingots in China increased by 118% in 2020 compared with that in 2019 reaching 199000 tons The output of titanium industry has increased substantially Titanium concentrate According to the statistics of Panzhihua Vanadium and Titanium Industry Association China produced a total of 633 million tons of titanium concentrate in 2020 with a year-on-year increase of 327% Among them the output of Panxi region was 511 million tons with a year-on-year increase of 355% accounting for 807% of the total domestic output; the imported titanium concentrate was 301 million tons with a year-on-year increase Titanium welding pipe of 153% Titanium sponge In 2020 12 enterprises in China produced a total

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