The reason that titanium is so cheap is because titanium is actually very abundant in the earth's crust than other precious metals.
Titanium is easier to mine and extract than other rare metals and also helps keep the price of titanium down.
Titanium costs between $3,750.00 per metric ton to as much as $21,000.00 per ton depending on the market.
The cost of titanium can fluctuate and get cheaper or more expensive through the years.
As of now titanium costs around $0.35 per lb although the price is subject to change at any time due to changes in market conditions.
In general, titanium will usually be more expensive than other metals because it is rarer than other metals, and because it is typically only found bonded to other elements which can make processing more expensive.
Titanium is a silvery-white metal with atomic number 22.
The titanium metal is a lightweight, ductile, strong, corrosion-resistant, and biocompatible metal with a high strength-to-weight ratio.
Titanium is the 9th most abundant element on Earth and is commonly found in rocks, clay, and sand.
Titanium is highly resistant to chemical attack and has the highest strength to weight ratio of any metal.
These unique properties make Titanium suitable for a wide range of applications.
Steel is stronger than titanium, with higher tensile yield strength. However, titanium offers higher strength-to-weight ratios.
Titanium boasts excellent corrosion resistance, especially in harsh environments.
Some types of steel are more prone to corrosion.
As the ninth-most abundant element in the Earth's crust, titanium is relatively rare.
Research shows the strong and lightweight metal only accounts for roughly 0.63% of the Earth's crust.
With such little titanium available, it costs more to harvest and produce than other metals.