Generic Hero BannerGeneric Hero Banner
Latest market news

Ti market assesses fallout of UKTMP chlorine gas leak

  • : Chemicals, Metals
  • 25/05/28

The titanium market is assessing the fallout of a chlorine gas leak at Kazakh titanium sponge producer Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMP) on 19 May, with the company anticipating no significant impact to production but other sources cautioning the possibility of outages during repairs.

"An industrial incident occurred during a scheduled preventive cleaning of equipment at one of the production sites, as a result of a short-term deviation in the operation of the gas exhaust system," UKTMP told Argus.

The leak occurred during maintenance to repair blocked pipes on one of the plant's chlorinators. One of the emitted gases was chlorine, which is used in the Kroll process to convert titanium dioxide into titanium tetrachloride. Titanium tetrachloride is subsequently reduced with magnesium to produce titanium sponge.

Additional cleaning was promptly carried out and UKTMP switched to a reserve chlorinator per standard procedure, it told Argus. But one market source questioned the condition of UKTMP's reserve equipment, owing to a lack of investment in recent years.

"The incident did not affect the production process as a whole, especially the production of titanium sponge. Today, the plant is operating normally, without any change to the production schedule," UKTMP said.

Mixed or limited information received by market participants has led to varied reactions.

Some sources have claimed that the situation is more critical than UKTMP has said, underpinned in part by videos released online of green chlorine gas over Ust-Kamenogorsk in eastern Kazakhstan, although Argus could not verify these videos. It could take more than six months to repair damaged equipment, during which time sponge production will be affected, some sources claimed, but UKTMP denied such an outage.

US titanium producer ATI confirmed to Argus that its supply of titanium sponge is secure, but ATI could not provide insight on UKTMP's operations.

France's Aubert & Duval — a consumer of aerospace-grade 6Al 4V ingot, and titanium sponge through its EcoTitanium subsidiary — declined to comment.

One Atlantic alloy producer that Argus understands procures 6Al 4V ingot from UKTMP said it does not see any risk to grade 5 ingot supply as a result of the leak.

UKTMP produced 19,000t of titanium sponge last year, according to the company, accounting for 21pc of aerospace-approved sponge supply, or 16pc, including Russia.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

25/07/08

Tokyo unlikely to yield on car levy despite US pressure

Tokyo unlikely to yield on car levy despite US pressure

Tokyo, 8 July (Argus) — The Japanese government is unlikely to offer concessions to the US for an automobile deal in stalled trade talks between the countries, even after Washington announced plans to raise tariffs on Japanese imports. Each government has its own interests to defend, the country's minister for trade and industry (Meti) Yoji Muto said on 8 July, reiterating that the automobile sector is a key industry for the Japanese economy and is vital to national interests. Muto reiterated Tokyo's intention to pursue a resolution through negotiations, but without compromising its core economic priorities. This suggests that there is little space for Tokyo to accept auto tariffs imposed by the US. This comes after US president Donald Trump announced plans to impose additional tariffs of 25pc on all imports from Japan from 1 August, slightly higher than the initial rate of 24pc set in April. Trump threatened to impose an even higher levy if Tokyo moves to retaliate against the measure. "We have had years to discuss our trading relationship with Japan, and have concluded that we must move away from these long-term, and very persistent, trade deficits engendered by Japan's tariff, and non-tariff policies and trade barriers," Trump said in his official letter to the Japanese government. "Our relationship has been, unfortunately, far from reciprocal." Tokyo and Washington have held seven trade talks on the US tariff since mid-April without reaching an agreement. Japan was initially seen as a frontrunner among other US trading partners in the negotiation, but progress has stalled partly because of disagreements over the auto sector. The Trump administration has long expressed strong dissatisfaction against the imbalance in US-Japan car trade. Japan exported around 1.3mn automobile units to the US market in 2024, and only purchased 14,724 units of US vehicles during the same period, according to Japanese customs and industry group the Japan Automobile Manufacturers Association, respectively. Tokyo has declined to disclose the details of the ongoing negotiations, but the country's prime minister Shigeru Ishiba in mid-June reiterated that the automobile sector is vital to Japan's national interests, underscoring the car sector as a key sticking point in the trade talks. By Yusuke Maekawa and Kohei Yamamoto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Eurometal conference focuses on protectionism/autarky


25/07/04
25/07/04

Eurometal conference focuses on protectionism/autarky

London, 4 July (Argus) — The themes of trade protection and greater self-sufficiency dominated discussions at Eurometal's 75th anniversary conference in Luxembourg this week, where sentiment remained distinctly downbeat. European mills are suffering from high import penetration and softening demand. Axel Eggert, director-general of European steel association Eurofer, said 128pc of traditional import flows can enter the market duty-free, while demand has fallen by 30mn t in recent years, giving imports an outsize share. In "normal" market environments, imports would decline alongside demand, rather than increase, Eggert added, suggesting domestic capacity utilisation was close to 65pc, a level at which it is difficult to turn a profit. Illustrating the difficulties of the sector, Tata Steel is axing one in three white-collar jobs and one in five blue-collar jobs, as it looks to find a more sustainable footing. Tata's Ijmuiden plant is the lowest cost slab plant in western Europe. Eurometal itself is lobbying for import measures on steel intensive goods, as demand for product sold by its members has been affected by cheaper imports of components and finished products from Asia. Eurometal represents steel distributors and importers. Its president, Alexander Julius, reiterated calls for evidence from members, and the wider supply chain, of difficulties caused by downstream imports. On the sidelines of the conference, one automotive supplier said there was no chance for European businesses to compete with Asia. He cited Chinese electric vehicles being sold at around $20,000, much cheaper than western alternatives. China's strong grip over the battery supply chain gives it an advantage that will be difficult to overcome, he said. The European Commission understands the plight of the industry and is eager to act, but executional performance is the big key, speakers and attendees said; bureaucracy in the EU and its intention to remain WTO-compliant hampers speedy implementation of policies, delegates said. Anthony de Carvalho, head of the OECD's steel unit, said policymakers are much more aware of the situation facing the industry and have real ambition to take tangible actions — one-fifth of trade measures are being circumvented, according to WTO analysis. Europe will remain less competitive than other geographies, according to Antonio Marcegaglia, head of Europe's largest coil importer, Marcegaglia. He supported the need for stricter safeguards and tariffs, but also said Europe needed to avoid isolationism, given its high energy costs and likely need to depend on imports of certain products, such as direct reduced iron. Marcegaglia said decarbonisation was an "ideological agenda" that had not fully considered the impact on industry, while also challenging the benefit such policies had on financial market participants, while leaving the actual industry hamstrung. Marcegaglia also said there will likely be big cuts in Chinese production, as the country cannot rely on low-priced exports, given increased trade barriers. Julian Verden, managing director of London trader Stemcor, remained outspoken in his support for imported product. In response to Eggert's presentation, he said the safeguard was "designed to create an ideal market for the producer" and was much too punitive, especially without real-time quota tracking. Another speaker told Argus that competitiveness at a local level is defined by the global market, and that tariffs can only be a temporary reprieve where companies should work on their own efficiency and competitiveness. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US to lay out tariff demands in coming days: Trump


25/07/04
25/07/04

US to lay out tariff demands in coming days: Trump

London, 4 July (Argus) — The US will lay out its tariff demands on foreign trade partners in the coming days, President Donald Trump said today. From tomorrow, 5 July, Trump will send letters to 10-12 countries a day, with the aim that all countries will be "fully covered" by 9 July, Trump said. That rate will not cover the amount of tariff deals still to be done by the US, which to date has struck three deals — of 10pc with the UK and China and of 20pc with Vietnam. "[The tariffs will] range in value from maybe 60pc or 70pc tariffs to 10pc and 20pc tariffs," Trump said. Countries will start paying them on 1 August, he said. Since 5 April Washington has been charging a 10pc extra tariff on imports — energy commodities and critical minerals are exceptions — from nearly every foreign trade partner, and those rates could go higher after 9 July. Trump has justified those tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries, and his administration is engaged in talks with foreign governments with the nominal goal of lowering their trade barriers. By Haik Gugarats and Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU long steel imports surge


25/07/04
25/07/04

EU long steel imports surge

London, 4 July (Argus) — EU customs data for July show a sharp increase in imports of rebar and wire rod from origins under safeguard restrictions, particularly Turkey, suggesting high volumes of overall imports compared with previous quarters ( see charts ). As already low EU construction demand slows for the summer, large inventories of competitively priced imported material are likely to exert significant pressure on prices in the bloc once trade picks up, if not before. A total of 440,000t of rebar and wire rod from Turkey, Egypt and Algeria were cleared at EU ports in the first days of July as the quarterly quotas reset, compared with 310,000t imported in April this year and 249,000t in July 2024. Tightening restrictions on imports from Egypt and Algeria over the past 12 months, now leaving the duty-free quotas for each origin capped at 27,500t for rebar and 15,000t for wire rod, have prompted a sharp surge in purchases from Turkey, which ultimately has overcompensated for the lower north African volumes. This week's cleared volumes included 184,000t of rebar from Turkey, nearly doubling from a quarter earlier and increasing fivefold on the year, as well as 167,000t of wire rod and rebar in coils from Turkey, which was a more moderate increase of 39pc on the year. The 184,000t of rebar from Turkey will be subject to a 12.05pc duty, leading to a rough estimate of €510-560/t for the cfr price, plus duty, given that the bulk of it was booked at the end of April at $525-560/t fob Turkey. This week's Turkish wire rod clearance will be subject to a 10pc duty, while the 31,410t of wire rod cleared from Algeria will carry a 12.9pc duty. There are no data so far on the volume of Indonesian wire rod clearing customs at EU ports this week, as the material is now not under a quota restriction. But large volumes, almost certainly close to 100,000t and potentially more than 200,000t, were booked for July clearance at $550-570/t cfr EU and will not be subject to an import duty. By Brendan Kjellberg-Motton EU rebar imports '000t EU wire rod imports '000t Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Foreign brands drive Japan’s domestic EV sales in June


25/07/04
25/07/04

Foreign brands drive Japan’s domestic EV sales in June

Tokyo, 4 July (Argus) — Japanese domestic sales of passenger electric vehicles (EVs) increased in June from a year earlier, largely driven by strong demand for foreign brand EVs. Sales totalled 5,507 units in June, up by around 10pc on the year and by 45.3pc on the month. This was according to data from three industry groups — the Japan Automobile Dealers Association, the Japan Light Motor Vehicle and Motorcycle Association and the Japan Automobile Importers Association (JAIA). EV penetration remained modest, accounting for just 1.7pc of the country's total passenger car sales, largely unchanged from the same period last year. The increase in sales was mostly fuelled by robust demand for foreign brand EVs. Deliveries of these EVs to the Japanese market jumped by over 50pc on the year to 3,653 units. This marked the highest foreign EV sales in a single month, with year-on-year growth increasing for eight consecutive months since November 2024, a JAIA representative told Argus. Foreign auto manufactures are expanding their offerings in Japan, introducing a wider variety of new EV models to the Japanese market, JAIA said. Some of those models can compete with popular domestic EVs on price, it added. Sales of domestic brand EVs in Japan remained sluggish, with seven out of eight major manufacturers reporting a fall in deliveries — Subaru being the exception. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more