Recently, the “Feasibility Study Report on 5,000 Titanium and Titanium Alloy Casting Project†of Qinghai Hydropower Group passed the national review. According to the " 5,000 tons of titanium and titanium alloys project feasibility study report" planning, this project will invest 3 . RMB 400 million, introducing advanced, mature, energy-saving and environmentally-friendly electron beam cooling bed casting technology from abroad, to build a non-ferrous metal casting process with an annual output of 5000 tons of titanium ingots and titanium alloy ingots and an annual income of RMB 800 million within 18 months enterprise. Nine experts from Beijing Nonferrous Metal Research Institute, Xining Special Steel Group, Qinghai Wutong Group and Qinghai Huadian Ferroalloy Co., Ltd. reviewed the project.
At present, the project company Qinghai-Jineng Titanium Industry Co., Ltd. has settled in the Dongchuan Industrial Park in the State-level Economic and Technological Development Zone of Xining, and related work in the early stage is proceeding in an orderly manner.