Titanium dioxide price rises, Tianyuan Group wants to join hands with Panzhihua Guotou layout

Tianyuan Group recently signed a cooperation agreement with Panzhihua state owned investment group In order to speed up the development of titanium dioxide industry chain and fully realize the use of titanium ore raw materials in different grades, the company plans to carry out relevant industrial layout in Panxi According to the agreement, the two sides mainly focus on three aspects of cooperation: one is to establish a merger and acquisition fund or SPV company to carry out merger and acquisition; the other is to cooperate to promote the whole industry chain service from titanium ore to titanium dioxide end-users to realize the integration of upstream and downstream resources in the titanium industry chain; the third is to cooperate to build a product trading center, warehousing and logistics center, which is the integration of industrial resources Service platform system Panzhihua state investment group is a wholly-owned subsidiary of Panzhihua state owned assets supervision and Administration Commission, which is the industrial investment and operation platform of Panzhihua government "With the help of Panzhihua Guotou group's local resources and influence, we will accelerate the company's titanium resource layout, titanium dioxide industry merger and acquisition, titanium chemical technology research and development in Panzhihua area." Panzhihua is rich in vanadium and titanium resources, especially titanium resources According to the data of Panzhihua official website, China's titanium reserves rank first in the world, while Panzhihua's titanium reserves account for 93% of China's total, and 70% of China's titanium raw materials are provided In recent years, Panzhihua government has issued relevant measures on "improving the development and utilization of vanadium and titanium resources" for many times, and has built a vanadium and titanium high-tech zone to activate advantageous resources.