Titanium Prices to Keep Elevated on Production Shortages and Rising Demand from the Paint and Aerospace Industries
Aug 6, 2021
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In the first half of 2021, prices for titanium and its derivatives shot up in response to rising demand and a drop in titanium mining last year, as well as titanium shaving stocks reduction. The rebound in the chemical and aerospace industries is a key driver for the rising demand for the metal. The potential use of titanium derivatives in alternative energy is set to stimulate further market expansion. Robust demand expectations are to keep prices elevated in the immediate term.