Trade Updates - Titanium Ingot
Titanium Ingots are made by pressing Titanium sponge and Titanium scrap into a bar form. There are two types of Titanium ingots available; pure Titanium ingots and Titanium alloy ingots. They can be used in aircraft, chemical equipment, ships, infrastructure, medical purposes, and consumer goods.
Source: Tridge
According to Tridge, Australia and South Africa are main exporters of Titanium ingot, two consisting over 45% of world exports. Total export value of Titanium ores and concentrates were USD 2.2 billion in 2016.
Source: Tridge
U.S., China, and Germany are top aircraft manufacturing countries and are the three major importers of Titanium ingot. Three countries take up almost 50% of global Titanium ingot imports.
References
1.http://www.stanfordmaterials.com/titanium-ti-ingots.html
2.https://finemetalscorp.com/product/titanium-ingot/