Price

Titanium Pricing and Market Data

Titanium sponge prices softened through 2025, with Chinese domestic prices declining to approximately $6,200/tonne for standard-grade material (99.6% Ti). The market experienced divergent trends by grade and region - aerospace-grade sponge remained firm at $7,000-9,000/tonne in Western markets, supported by strong defense and commercial aviation demand, while standard-grade material faced oversupply as Chinese capacity expansions exceeded demand growth. Global titanium sponge production capacity now exceeds 350,000 tonnes annually. North American and European markets commanded significant premiums over Asian prices due to aerospace qualification requirements and Buy American provisions in defense procurement.

Pricing Mechanisms

Titanium is priced using benchmarks from CRU / Asian Metal (sponge, 99.6%). Titanium pricing operates through a combination of exchange-based benchmarks, price reporting agency assessments, bilateral negotiation, and long-term offtake contracts. The specific mechanism depends on product form, grade, and the buyer-seller relationship.

Price History and Notable Market Events

The Titanium market has been shaped by the following key events:

Price Drivers

Key factors influencing Titanium prices include production levels in China (45% of global supply), demand from aerospace structural components and titanium dioxide pigment, inventory levels, energy costs, and government policy actions such as export restrictions or strategic stockpiling.

Spot vs. Contract Pricing

The Titanium market features both spot transactions and longer-term contracts. Spot prices reflect current conditions and are more volatile, while multi-year offtake agreements provide supply security for both producers and consumers. Current spot pricing is in the range of $6,200 per tonne.