Titanium Industry Development Path—change
In 2023, my country's titanium industry will enter a transition period from "quantitative change" to "qualitative change". Although the current market appears calm on the surface, in fact, this round of deep adjustments will trigger turbulent changes.
At present, the price of titanium sponge has dropped from 80,000 yuan/ton in 2022 to 50,000 yuan/ton, and the actual transaction price is less than 50,000 yuan/ton. According to the future development layout of key enterprises in the industry, my country's titanium production capacity and output will increase significantly. Although there are many repeated constructions in smelting, forging, and titanium companies, the downstream application fields have not yet been opened.
In addition, steel and other fields have large industrial scales and limited development space. Industry insiders simply believe that the titanium industry of more than 200,000 tons of titanium sponge and more than 100,000 tons of titanium materials is small in scale and has huge room for development. From the perspective of steel and aluminum, titanium does have huge room for development and is worthy of the influx of capital. However, we only see the development prospects and ignore the current situation that the application field space has not yet been opened. In the next 2 to 3 years, there will be fierce competition between external capital and existing titanium companies.
The "involution" caused by repeated construction within the titanium industry, coupled with the influx of capital from outside the industry into titanium companies competing for the market, will inevitably trigger in-depth adjustments in the titanium industry and push the titanium industry onto the road of "involution." Take the path of high-quality development. In this sense, the "involution" of repeated construction seems to be cannibalism, but in fact it is a game of survival of the fittest. It is the survival of the fittest in the "involution"; in the competition of external capital, the complacency of the titanium industry must be broken. Realizing industrial transformation through technological innovation breakthroughs is the only way for high-quality industrial development.
