China's Sichuan province sets 2016-2020 growth targets for rare earths, titanium
Published: Friday, 24 November 2017
The government of China’s Sichuan province has set a growth target of 8% per year for the 2016-2020 period for adding value to industrial commodities, with the local production value of steel, vanadium, titanium and rare earths set to reach 500 billion yuan.
The focus of the state’s development guide for
vanadium, titanium and rare earth industries is on rare metals
and further processing.
It envisages the lifting of ilmenite capacity to 6 million
tonnes per year, capacity of vanadium products (V2O5
equivalent) to 70,000 tpy, titanium dioxide to 1 million tpy,
titanium sponge to 60,000 tpy, titanium ingot to 60,000 tpy,
titanium material to 15,000 tpy, crude steel within 32 million
tpy, rare earth mining capacity to around 50,000 tpy and rare
earth smelting and separation to around 45,000 tpy.
To make the most of rich local mineral resources, Sichuan plans
to increase the utilization rate at iron ores producers to 75%,
vanadium to 60%, titanium to 30%, the rare earth mining
recovery rate to 80%, the rare earth separation recovery rate
to 94% and the tailings recovery rate at vanadium-titanium-iron
mines to 30%.
The priorities will be high-end products such as manufacturing
components using vanadium and titanium alloy, titanium sponge
and rare earths.
The government will provide support to leading
vanadium-titanium producers such as Pangang Titanium Industry
Co and Pangang Vanadium Industry Co and rare earth companies
such as Sichuan Rare Earth Industrial Group, Shenghe Holdings
and Sichuan Jiangxi Copper Rare Earth Group.
Sichuan authorities will encourage technical advancement in
production techniques for titanium dioxide such as the chloride
process used predominantly by overseas companies as well as the
optimization of the sulphate process, especially the solid
waste utilization technique in TiO2 production.