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The factory price of TiO2 fluctuates based on various factors such as raw material costs, production efficiency, and market dynamics. The titanium ore, primarily sourced from minerals like ilmenite and rutile, undergoes several stages of refinement before it can be converted into the pure white pigment we know. Each step in the process influences the final cost, making the streamlined operation of TiO2 factories paramount. 5. J.M. Huber Corporation