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FDA’s response

With 30% of the world's lithopone factories located in China, the country has become a major player in the global lithopone market. Chinese manufacturers are able to produce lithopone at a competitive price, making it an attractive option for companies looking to reduce their production costs. In addition, China's large production capacity ensures a steady and reliable supply of lithopone to markets around the world.

Titanium dioxide prices varied across the Asia-Pacific region in this quarter. The supply disruption caused by Russia's invasion of Ukraine made the supply of the feedstock titanium concentrate even more problematic, and in the first half of the second quarter, a bullish market outlook prevailed. The decline in TiO2 market values in India has also been backed by a decline in demand from downstream industries like automotive and construction.