On July 6, Longman Baililian Group and the Panzhihua Municipal People's Government successfully signed the "Panzhihua Vanadium Titanium Magnetite Resources Comprehensive Development and Deep Processing Strategic Cooperation Framework Agreement", with a total investment of 14 billion yuan. The agreement signed this time is the agreement signed by Dragon Python Billion Group to strengthen external cooperation, the largest investment in history and the richest cooperation. The implementation of a series of large projects will strongly promote the deep expansion of the Longbai Group's titanium industry chain and promote the enterprise to enter the path of high-quality development. In order to accelerate the new development of the vanadium and titanium resource industry in Panzhihua City in the new period, it is of great significance to assist the construction of the Panxi National Strategic Resource Innovation and Development Pilot Zone.