Titanium prices rise alongside return of aviation sector

July 16, 2021

Chinese Plate, titanium scrap and ferrotitanium are all reportedly trading at multi-year highs (Courtesy Globe Metals)

As the aerospace industry works its way back to ‘business as usual’ after the long COVID-19 lockdown, Globe Metal, Saint-Catherine, Québec, Canada, has reported seeing the titanium market improving, bringing with it an increased price and end to titanium scrap shortages.

The aerospace industry accounts for 90% of the titanium market. When aviation came to a halt in April 2020, titanium prices dropped dramatically. By the third quarter of the year, many products were experiencing multi-year lows.

May 2021 saw the cost of Chinese Plate rise to just over $18 per kilo, a price not seen since January 2013. Titanium scrap and ferrotitanium are also both trading at multi-year highs, at $4.19 and $8.60 respectively.

Globe Metal produces a continuous stream of raw materials from Additive Manufacturing processes, as well as un- or alloyed titanium. Recycled titanium is then produced either for return to the aerospace industry or to one of many diverse industries requiring titanium, from sporting goods to power plants, at both a lower cost to sourcing raw materials and a lower environmental impact.

www.globemetal.com

Industry News

Read the latest issue of PIM International

The latest issue of PIM International magazine is available to view online or download in PDF format.

As well as an extensive MIM, CIM industry and sinter-based AM industry news section, this 104-page issue includes the following exclusive articles and reports:

  • FreeFORM Technologies: Leveraging MIM expertise to drive application development in metal Binder Jetting
  • MIMplus Technologies:
    How innovation and research is driving developments in NdFeB magnets and sinter-based AM
  • Catamold® motion 8620: BASF’s new low alloy feedstock based on pre-alloyed metal powders
  • Winkworth: The development of custom solutions for the mixing of MIM feedstocks
  • > Go to magazine page

E-newsletter

Register for our e-newsletter and we'll let you know each time a new issue of PIM International magazine is available, as well as keeping you informed of MIM and CIM industry developments.

Industry News

Copy link
Powered by Social Snap