Net profit of 3.8 billion!

Recently, Longbai Group (hereinafter referred to as the "Company") disclosed its report for the third quarter of 2021

Regarding the growth in performance, Longbai Group stated that it was mainly due to the increase in sales and price of titanium dioxide

Prior to this, Longbai Group issued multiple announcements on price adjustments for its main products

On the evening of October 12th, Longbai Group announced that according to the market demand for titanium dioxide, the increase in raw material prices and other factors, the company’s price committee decided that from now on, the company’s various types of titanium dioxide (including sulfuric acid titanium dioxide, chlorination On the basis of the original price, the sales price of titanium dioxide will be increased by RMB 700/ton for various domestic customers and USD 100/ton for international customers

On August 10, Longbai Group announced that from now on, the sales price of the company's various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) will be increased by US$200/ton to downstream customers based on the original price

On June 8, Longbai Group announced that from July 1, 2021, the sales price of the company’s various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) will be increased by 500 to downstream customers based on the original price.

Coatings Purchasing Network noticed that Tongrilongbai Group also issued an announcement on "investing in the construction of a demonstration project for the comprehensive recovery of rare metals such as titanium dioxide chloride and vanadium scandium"

The announcement shows that the project has an annual output of 200,000 tons of high-grade titanium dioxide, 43,000 tons of hydrochloric acid, 100,000 tons of caustic soda, 400 tons of vanadium pentoxide, and 20 tons of scandium oxide.

According to the announcement, through the implementation of this project, the company will expand the production capacity of the chlorination process, consolidate the company’s first-mover advantage in the domestic chlorination process titanium dioxide industry, optimize product structure, enhance market competitiveness, and increase market share.