Titanium price
Table of Contents
Titanium price graphs and tabulations
The titanium price is currently around 45 euro per kg if you choose for 100% clean titanium. In reality though, titanium is often sold as a mix with other metals. This can decrease the price enormously, because a price of a combination material can come down to even 25 euro per kg.
Besides this, you can also hand in your old titanium at a metal recycling place. This will give you somewhere along the lines of €4 to €4.50 per kg. So, it is nowhere near the new price of titanium. This is because a lot of people have mixture versions of titanium and not 100% clean. That is the reason they often only use 1 price.
Titanium is one of the strongest metals in the world. This is why it is often used in industrial applications or as an alloy of a connection.
Rockets and airplanes often also contain titanium. This material performs very well in big temperature changes and different kinds of weather.
How is the titanium price determined?
The titanium price is mostly determined by the percentage of titanium you want. We can see different prices for new titanium are around 25 to 45 euros. Then you also have the supply and demand of the material that influences the price and this is one of the reasons the price skyrocketed last year.
In 1791, titanium was discovered for the first time in a mineral. Because it has been in nature for a long time, it was able to create a hard base. Just like marble, this is one of the strongest materials. And it is very capable of handling scratches and impacts.
It used to be used a lot also when building ships. Because these had to be in water for a very long time, but were also subject to a lot of different weather types during its trips. It is also very resistant to corrosion, which makes it have a very long lifespan.
There is a scarcity among titanium, but that has very little to do with it being too little. The mineral in which titanium can be found has to be treated. This is a very intense process and that means a low production speed. This creates scarcity on the market every now and then. Currently though, it is quite stable.
Countries that produce titanium
Titanium can be gained anywhere in the world. One of the largest producers though, is the Indies. And they determine the price for the most part. Ukraine is also a large producer, but because of the current war, they have been able to produce a lot less than usual.
In theory you can find titanium anywhere in the world, but lately for unknown reasons, we have been seeing an increase in production in Kazakhstan.
Other countries that are known for producing titanium are China, Japan and Russia.
Facts about the raw material titanium
1: Titanium is an element that rears its head in the top 10 of the most common elements in the world.
2: The last couple of years, the demand for titanium has been increasing, which has made the price per kilo increase as well.
3: This raw material can be used in alloys.
4: Ships, airplanes and rockets contain a high volume of titanium because of its protection against heat and corrosion.
5: This material is mainly used in titanium oxide as a chemical.
6: It is an important part of the Ziegler-Natta catalyst that you used to see a lot in vehicles.
7: Titanium can be found in minerals and often has a rock-like structure. This makes it a fireproof ceramic material.
8: A fun fact is that titanium has the same force as metal, but with a density of 60%.
9: In theory, it is the only raw material that can be flammable in the atmosphere.
10: The earth’s crust contains 6% titanium.
History of titanium
The raw material titanium was discovered in 1791 by William Gregor. He discovered this in the mineral ilmenite and was not actually looking for it.
It did last until 1795 before this raw material was actually used. It was then rediscovered by Martin Heinrich Klaproth who was the one to really put this material on the map.
Titanium has a fun reference to Greek mythology. It is derived from the titans, who were known for their fierce power. This raw material is also very strong and that is how the name came to be.
This material was prepared with 100% purity only in 1922. This was discovered by Van Arkel.
In 1937, William Kroll discovered how to extract this material. He discovered the exact melting point of this raw material. This is why we can shape it the way we want to in this day and age.
What is it often used for?
Titanium is used for different things. We know it mainly from industrial applications, but also from vehicles. Every airplane contains titanium, but it can also be used for car parts.
Besides that, it is material that can be used to apply a strong connection. It has a melting point, but because of the high price, it is often combined with other metals.
Titanium is nowadays still used in paint. It makes the resilience of the paint increase.
Titanium also has a huge part in warfare, because a lot of army vehicles used to have titanium as an alloy. And it also caused a weapon’s rivalry between Russia and America.
These days you can find titanium in the most common of objects. Think about a tennis racket, or roofing. Though these items will not have nearly as high concentrations of titanium.
Titanium and the future
Since 2019, we notice that the price of titanium is rising because of the growing demand. It is also a material that can be reused quite often. Most metal shops give you a nice price for any old titanium. Do make sure you check the percentage of titanium in your items, so you don’t get scammed. In the future the demand will only increase, seeing how it is one of the strongest materials on the planet.
