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Overall, the use of titanium dioxide by manufacturers is essential for various industries, providing valuable properties and benefits for a wide range of products. As technology advances and new applications are discovered, the demand for titanium dioxide is expected to continue to grow. Manufacturers will need to adapt and innovate to meet the evolving needs of their customers while ensuring the safety and sustainability of their products.
New adjustments have been announced for tariff rates, which will benefit the chemical industry in China in particular, due to decreased import and export tariffs for several chemicals. The export tariff for ilmenite will stay unchanged by 10% and the rate for ferrotitanium decreased by 5% down to 20%.