Fastmarkets’ titanium scrap turnings, unprocessed type 90/6/4, 0.5% Sn max, cif Europe
price stood at $1.60-1.75 per lb in the latest assessment on Wednesday, while titanium scrap turnings, unprocessed type 90/6/4, 0.5-2% Sn max, cif Europe
was 1.40-1.50 per lb.
Both markets registered double digit percentage growth a week earlier on Wednesday January 20, and trade sources expect higher prices in the coming weeks amid a persistent, severe shortage of the feedstock used to make ferro-titanium.
The acute shortage of titanium scrap turnings and solids has been as a result of a slump in commercial aircraft production, which is a major source of the material. The price for titanium scrap with low tin content (Sn 0.5%) is now at a level last seen in October 2014 when the price peaked at $1.75 per lb cif Europe.