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World Conference on Titanium Held in China

For the first time, China hosted the 12th World Conference on Titanium, which took place from June 19 to June 24, 2011. According to Xinhua, “Since 2000, China’s titanium industry has developed rapidly with an average annual growth exceeding 30%. While China’s output of the strategic metal used to be about a 3% share of the world output, in 2008, Chinese titanium alloy output jumped to No. 1, accounting for 30% of the world output. Presently, China is the largest producer and consumer of titanium, with production having reached 54,661 metric tons.”

“However, the industry now shows an imbalance between supply and demand, and investment in titanium alloy is over-heated. Industry analysts indicate that, at present, China has the capacity to produce an annual output of 100,000 metric tons, exceeding the output of all other countries combined, and far exceeding Chinese domestic demand.”

Source: Xinhua, June 21, 2011