Chengde Vanadium Titanium plans to build the world’s largest vanadium plant in China. Mr Tian Zhiping chairman of Chengde Vanadium Titanium said that the global vanadium production capacity is about 100,000tns and the production capacity of Chengde Vanadium Titanium is 16,000tns. An analyst pointed out that by 2010, the steel output of Chenggang including Chengde Vanadium Titanium will reach 8 million tonnes and the vanadium output will reach 30,000tns.