Last Updated on August 26, 2022
For many people, titanium evokes a premium metal that is used in the construction of NASA spacecraft and other cutting-edge technologies.
The name alone gives us a hint as to the Titans, the massive beings who came before the gods of Olympus.
The name is quite appropriate, as the strength of this metal is incredible. It’s 45% lighter than steel and yet just as strong.
It has twice the tension resistance of aluminum but only 60% more weight. In sea water, it resists corrosion.
It is heat-resistant, with a melting point of 3,034.4 degrees Fahrenheit (1,668 degrees Celsius).
It even withstands abrasion, cavitation, and erosion at high flow rates. It’s biocompatible as well.
But how much is titanium worth? Here is our answer.
What is the price of titanium per ounce?
The price of titanium is $30 per troy oz.
The cost of commercially pure titanium (CP) has risen steeply since 2003, from $15.00 per lb to $30.00 per lb. It’s extremely light and strong.
Titanium is a very expensive scrap-valued metal, especially when combined with other unique alloys. If you’re not sure what type of material you have, consider doing a magnet test on it; the magnet shouldn’t stick if it’s made of Titanium.
What is the scrap value of titanium?
The price of scraped titanium is $0.30-$0.40 per pound, as of today’s date and subject to change at any time owing to changing market conditions.
This price includes Titanium bars, plates, discs and other forms of solid titanium.
Is titanium metal expensive?
In general, titanium can be more expensive than other metals since it is less abundant than other metals, and because it is frequently only found combined with elements that can raise the cost of processing.
However, if you compare it to sought-after metals such gold or diamonds, it is not expansive at all.
Why is titanium more expensive than other metals?
Titanium is the ninth most plentiful element on Earth and the seventh most plentiful metal.
The reason why titanium costs more than other metals is because extracting it from its ore is very difficult. Only the ultimate high temperatures and vacuum conditions are required to make titanium alloys.
Why is titanium so cheap?
Titanium’s low cost is due to its being the ninth most plentiful element on Earth, and the seventh most abundant metal. When compared to gold or platinum, this is clearly not the case.
Due to its abundance, it compares favorably with gold or platinum in terms of price.
What was the price of titanium in 2005?
When compared to other commodities, titanium is subject to price fluctuations, but when adjusted for inflation, the price has generally trended downward.
The cost of titanium as of January 2016 was $3,750 per metric ton. The cost in 2005 was $21,000.
Is it possible to buy shares of titanium?
It’s also feasible for you to invest in exchange-traded funds. All ETFs that deal with titanium also deal in other metals like gold or silver, so the value of these shares will not match the price of titanium alone.
Despite the fact that titanium metal and alloys are well-known, it is mostly utilized for TiO 2 pigment.
Titanium as Investment
The greatest method to invest in titanium is to invest in and trade shares in firms that produce or use the metal, such as mining companies. This list will also include manufacturers of TiO2.
If you want to increase your position in this stock, you’ll need to sell non-dividend paying stocks. This is because if you leave the metal’s price rise alone, it will be more than 150% over the next ten years!
Holding on to these shares implies that you expect greater demand for products manufactured from this metal from sectors
It’s also feasible to invest in exchange-traded funds. Because all ETFs that deal with titanium also handle other metals such as gold or copper, the value of these shares will never equal the price of titanium alone.
Check out our guide How To Clean Titanium Rings?
