Modeling of Titanium Metal Market Trends
https://doi.org/10.25205/2542-0429-2020-20-4-153-177
Abstract
The recent trends in the world output of titanium-containing concentrates and titanium sponge – intermediate product in the production of metallic titanium – has been studied. The differences in the dynamics of these indicators have been found due to the fact that titanium-containing concentrates are used not only as raw materials for the production of titanium metal. The clusters of the world's major producers of titanium-containing concentrates and titanium sponge have been identified. The range of factors potentially influencing the titanium sponge price dynamics has been studied; the independence of this dynamics from fluctuations in supply and demand and the price of raw materials has been shown. The results of activity of JSC “Corporation VSMPO-AVISMA” were analyzed. The study shows that the main factor determining the sales profit margin of the Corporation is the dynamics of the exchange rate; a quantitative assessment of the degree of such influence has been made.
Keywords
metallurgy,
titanium,
rutile,
ilmenite,
titanium sponge,
panel data models,
JSC “Corporation VSMPOAVISMA”
Supporting agencies: The research was carried out with the plan of IEIE SB RAS, project XI.172.1.1 № АААА-А17- 117022250132-2
About the Author
A. Sokolov
Institute of Economics and Industrial Engineering SB RAS, Novosibirsk State University
Russian Federation
Russian Federation
Candidate of Sciences (Economics), Senior Researcher
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Review
For citations:
Sokolov A. Modeling of Titanium Metal Market Trends. World of Economics and Management. 2020;20(4):153-177. (In Russ.) https://doi.org/10.25205/2542-0429-2020-20-4-153-177
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