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

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 204-page issue includes articles and reports on:

  • Optimised thermal management in semiconductor fabrication using AI-enabled generative design and Additive Manufacturing
  • Forging a process for mass customisation via metal Additive Manufacturing
  • Bringing it all together: How Materialise is integrating manufacturing and software expertise to shape AM’s future
  • Pedal to the metal at the Digital Manufacturing Centre: Redefining what’s possible for AM in hypercars and beyond
  • The future is Additive Manufacturing – if we take a more holistic view of the design opportunities
  • Building a case for radical collaboration plus quality standards: The pathway to growing the AM industry
  • Distributed manufacturing: Old concept, new relevance, new technology?
  • Design for Additive Manufacturing: A workflow for a metal AM heat exchanger using nTopology (BJT)
  • Taking the holistic view:
    Defining the state-of-the-art in the evolving PBF-LB machine marketplace
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter

    Copy link
    Powered by Social Snap