During the "two sessions", Premier Wen Jiabao proposed that China's GDP growth rate in 2012 will be reduced to 7.5%, "guarantee eight" or temporary history, but the market may have prepared for the slowdown in demand for titanium metal in China, so domestic and foreign metal prices The rate of decline was acceptable, and then part of the lost ground was recovered under the favorable impetus of the Greek debt crisis and US economic data.

The price of most rare metals has not improved much last week, and sponge titanium performed very well. During the "two sessions", rare earth became the focus of the non-ferrous industry again. We believe that the national strategic position of the rare earth industry has been consolidated. After excluding speculative bubbles, the upstream and downstream of rare earth will jointly promote the return of rare earth prices to a reasonable development track that can be recognized by the industry chain, which will effectively promote the recovery of demand for rare earths.