Resource endowment and demand forecast of titanium products in the next 10 years

This paper is the result of mineral exploration engineering.

Objective China's titanium resources are relatively abundant, but they are mostly co-produced primary ores with low grades, mainly in the form of primary titanium (magnetite) iron ore type. As a major consumer of titanium ore, the study of future titanium resource consumption projections is of great significance.

Methods Based on a comprehensive analysis of the geological characteristics, application areas, current process and market trade of titanium ore in China, we adopt the sectoral analysis method, the "S" shaped forecasting method and the ARIMA forecasting method to forecast China's titanium consumption from 2021 to 2030. The forecast is based on sectoral analysis, the "S" shaped forecast method and the ARIMA forecast method.

Results Based on the forecast results, the following observations were made: (1) the consumption of titanium dioxide and titanium concentrate (TiO₂) in China will peak at 3.02 million tons and 4.79 million tons respectively in 2027; (2) the consumption of titanium sponge will continue to grow in the next decade.

Conclusion By looking ahead to the development direction of the titanium ore resource industry, suggestions are made to ensure a stable supply of titanium ore products, introduce advanced technology and process equipment, promote technological innovation in all aspects of the industry, and incorporate higher environmental and governance standards into the production chain, among other countermeasures.