During the investment Xinjiang-industrial cooperation promotion docking and signing event held on the afternoon of June 27, the Atushi Municipal Government signed an investment agreement with Baoji City Yucai Glass (Group) Co., Ltd. The company will invest 12.8 billion yuan to build a 40,000-ton aviation grade titanium sponge and titanium-based new material project in Halajun Township, Atushi.
Sponge titanium is a processed product of metallic titanium. Aeronautic-grade sponge titanium is mainly used for the production of high-precision and cutting-edge products in the fields of aviation, aerospace, navigation, etc., and titanium-based new materials are mainly used in aircraft structural parts, engine parts and medical equipment manufacturing. and other fields. The construction period of the project is 5 years. The project will expand and expand the Atustosmo vanadium-titanium magnetite mine. At the same time, it will also build a new full-process titanium sponge production line with an annual output of 40,000 tons, supporting the construction of 25,000 tons of titanium smelting and 20,000 tons of titanium alloy projects, construction of 1GW (gigawatt) photovoltaic power stations and other projects.
Yang Bo, vice president of Baoji City Yucai Glass (Group) Co., Ltd., said that Atushi not only has high-quality and large reserves of vanadium-titanium magnetite, but also minerals such as dolomite and quartz required to process aviation grade titanium sponge and titanium-based new materials. This has inherent advantages for the company to extend upstream and downstream industrial chains and expand new products. Therefore, the company decided to land the project in Atushi.
