Why titanium is expensive

If steel is a metal that has a profound impact on the world in the middle of the 19th century, then the next metal that will change the world will be titanium. But at present, the price of titanium products in the market is very high, which discourages many consumers. So why is titanium price so high!? The following are the reasons why titanium and titanium products are so expensive :. The ilmenite sand ore is extremely scattered and has a low concentration of resources. After years of mining, large-scale and high-quality resources have been exhausted.

In addition, the current exploitation of titanium resources is mostly private, and it is difficult to form large-scale development and utilization. Some coastal titanium ore deposits have radioactive elements, and the environmental protection pressure is high. Titanium is mainly used in aerospace, construction, marine, nuclear and power fields. In addition, titanium is widely used in chemical, sports, electronics, automotive, and medical fields.

Currently, there are only a few industrialized countries in the world that can produce titanium. Sponge titanium is the raw material of titanium material, titanium powder, and other titanium components.

It must be remelted with an electric furnace to become new structural material — titanium ingots. From this ingots can be formed by slowly melting the porous metal and these ingots can then be turned into smaller products such as bills, bars, sheets, strips and tubes. Successive re-melting of the metal still produces a high quality metal. A lot of energy is needed and the process is labour intensive.

When used in the aerospace industry, for example, 1kg of finished titanium has come from almost 11kg. Close Menu X Sheffield: Birmingham: Get the latest industry news and company updates. It is also more weldable and more easily fabricated.

With that, typically, comes a higher price tag. At TMS, we sometimes stock non-certified material. This means that when you purchase the metal, that is all you are getting. We have no official document to prove to you that the metal meets certain physical or chemical properties and we may have no traceable heat or lot number with which to identify the material.

We test the material with a gun to verify the material grade, but again- there is no formal document from a mill or manufacturer proving this information. This non-certified material will be the least expensive option if it is available. Our titanium may also be lab certified. This means that there is no documentation from the mill or manufacturer, but there is a document from a legitimate testing facility which will typically show the grade, size, physical, and chemical properties, and sometimes heat or lot number from the mill.

This would typically be a little more expensive than non-certified material. Foreign mill certified material will come with a mill certification with the heat number, grade, any applicable specifications, physical, and chemical properties.