Double trouble for titanium mart

摘要

Although most factors in the titanium market have producers thinking locally, the supply and demand curve is still forcing many to act globally as the twin realities of overcapacity and oversupply exert their influence. Global titanium sponge capacity jumped to 241,000 tonnes in 2012, up 94.4 percent from 124,000 tonnes in 2009, resulting in what London-based consultancy Roskill Information Services Ltd. estimates is a 20,000-tonne surplus. The global market is expected to work off surplus capacity this year, Roskill said, forecasting that demand for titanium mill products will grow at an annual rate of 6 percent to 140,000 tonnes by 2015, requiring up to 200,000 tonnes of sponge.