The latest report titled “Titanium Production cost” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Titanium.
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Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Titanium production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Titanium (Ti) is a chemical element with the atomic number 22, which appears to be a transitional metal that shines with a sheen. It can be found in various mineral compositions, mainly in rutile and ilmenite. The metal is found in the planet's crust. It has properties like being corrosion-resistant and is employed in parts of high-speed aircraft. The metal is produced via a sulphate process. The respective melting and boiling point of titanium is 1660 °C and 3287 °C.
The Titanium demand mainly comes from end-use products like heat exchangers, saltwater desalination facilities, electric power plants, and aeroplanes owing to its properties, like being lightweight, very strong, and having great corrosion resistance. Besides its main applications, its use is slowly expanding to other industries like consumer products, recreational goods, and information technology (IT) equipment owing to its visually attractive surface look and luxurious feel. Aeroplane fasteners and components like compressor blades and gas turbine engines usually contain titanium.
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