Longbai Group plans to invest in 2 projects to promote the optimization and upgrading of the entire industry chain

Sinochem News Network News on August 4, Longbai Group announced that the company’s holding subsidiary Gansu Guotai plans to invest in the construction of a 30,000-ton/year rotor-grade titanium sponge technology upgrading project with a total investment of 1.
8 billion yuan and a construction period of 4 Years
.
In addition, the wholly-owned subsidiary Mining and Metallurgical Company plans to invest in the construction of a 7 million tons/year green and efficient beneficiation project to ensure the company's supply of titanium ore.

Longbai Group said that currently domestic titanium sponge is mainly concentrated in the low-end product market.
High-end titanium sponge suitable for aerospace is a shortcoming.
On the basis of titanium sponge for aviation, rotor-grade sponge titanium is even more important in China.
Scarce products
.
The implementation of this project will enrich the company's titanium product series, promote the optimization and upgrading of the company's titanium concentrate-titanium chloride slag-chlorinated titanium dioxide-sponge titanium-titanium alloy industry chain, and enhance the company's profitability and core competitiveness

The 7 million tons/year green and high-efficiency beneficiation project planned to be invested by the Mining and Metallurgical Company, a wholly-owned subsidiary of Longbai Group, includes an additional processing of 7 million tons of raw ore and 1.
6 million tons of iron concentrate.
/Year, 400,000 tons/year of titanium concentrate and 15,000 tons/year of sulphur-cobalt concentrate
.
After the completion of the project, the company's raw ore processing capacity will reach 22 million tons/year, and it can produce 5 million tons/year of iron concentrate, 1.

Longbai Group stated that the implementation of the project further guarantees the company’s long-term and stable supply of raw materials.