1. Abundant vanadium and titanium resources: Panzhihua is rich in vanadium and titanium resources, which provides sufficient raw material guarantee for the development of vanadium and titanium industry.

2. The hydropower station provides cheap energy: The hydropower station in Panzhihua provides stable energy, and at the same time makes the energy cost relatively low, which is very beneficial to the energy consumption of vanadium and titanium industry.

3. The market demand for vanadium-titanium materials is large: With the development of global economy and the progress of science and technology, the demand for vanadium-titanium materials is increasing, and the market prospect is broad.

4. Strong industrial foundation: Panzhihua vanadium and titanium industry has already had a certain industrial scale and foundation, which has provided a solid foundation for further development.

5. Advanced technology: Panzhihua vanadium and titanium industry has certain advantages in technological innovation and can provide higher-end vanadium and titanium products.

6. Policy support: The government has given policy support to the development of vanadium and titanium industry, including tax incentives and loan support, which has provided a strong guarantee for the development of the industry.

These favorable conditions make Panzhihua have great advantages and potential in building a world-class vanadium-titanium industrial base.