Titanium traded flat at 50.50 CNY/KG on July 11, 2025. Over the past month, Titanium's price has remained flat, but it is still 4.12% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Titanium and Titanium-Base Alloy Mill Shapes (WPU102505) from Jan 1971 to May 2025 about titanium, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Titanium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

LME Index fell to 4,144 Index Points on July 14, 2025, down 0.55% from the previous day. Over the past month, LME Index's price has risen 0.29%, but it is still 1.17% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on July of 2025.

In Q1 2025, the Titanium Dioxide market in North America experienced a fluctuating price landscape. In January, the Titanium Dioxide market followed a bearish trend in prices due to year-end destocking activities and sluggish demand, particularly from the housing sector affected by high mortgage rates and a slowdown in construction. The prevailing inflationary pressures added to the market's cautious sentiment, limiting potential improvements in demand.

In 2024, the global titanium market increased by 2.1% to $9.5B, rising for the ninth year in a row after three years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in years to come.

In 2024, the price for one metric ton of bulk rutile – a titanium mineral – with a minimum of 95 percent titanium dioxide content, free on board from Australia, came to an estimated ***** U.S. dollars. In comparison, the average unit price for one metric ton of ilmenite – another titanium mineral – imported to the United States was *** U.S. dollars that same year.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

The global titanium ore and concentrate market rose sharply to $15.7B in 2024, picking up by 6.4% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2024: its value increased at an average annual rate of +1.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.3% against 2022 indices.

In 2023, after three years of growth, there was significant decline in overseas purchases of titanium dioxide, when their volume decreased by -11.5% to 17K tons.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

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Tungsten Market Size 2025-2029

The tungsten market size is forecast to increase by USD 2.61 billion, at a CAGR of 7.4% between 2024 and 2029.

The market is driven by the extensive use of this element in the production of integrated circuits, particularly in the semiconductor industry. The miniaturization trend in electronic components is a significant factor fueling the demand for tungsten, as it is an essential material for manufacturing smaller and more efficient components. However, the market faces challenges due to increasing environmental and safety regulations. Tightening regulations on the disposal and handling of tungsten waste pose operational challenges for manufacturers, requiring significant investments in compliance measures. Additionally, the complex and costly mining process of tungsten adds to the market's complexity and potential supply chain disruptions.
Companies seeking to capitalize on market opportunities must navigate these challenges effectively by implementing sustainable mining practices, investing in research and development for alternative production methods, and adhering to regulatory requirements. In summary, the market is characterized by its critical role in the semiconductor industry, the ongoing trend towards miniaturization, and the regulatory challenges that necessitate innovative solutions.

What will be the Size of the Tungsten Market during the forecast period?

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Tungsten carbide, a versatile material known for its exceptional hardness and high melting point, is utilized extensively in various industries, including automotive, aerospace, and manufacturing. The market for tungsten carbide-based compounds continues to evolve, with numerous alloys gaining traction. Among these, tungsten carbide-hafnium, tungsten carbide-germanium, and tungsten carbide-niobium alloys exhibit superior strength and wear resistance. Simultaneously, tungsten disulfide, tungsten nitride, and tungsten carbide-tantalum display remarkable lubricity, making them indispensable in applications requiring low friction. Tungsten carbide-gold, tungsten carbide-platinum, and tungsten carbide-silver alloys offer enhanced electrical conductivity, while tungsten carbide-cobalt and tungsten carbide-chromium alloys provide excellent corrosion resistance.
Moreover, tungsten carbide-zirconium, tungsten carbide-copper, and tungsten carbide-titanium alloys are widely used for their excellent thermal conductivity. Tungsten carbide-iridium, tungsten carbide-silicon, and tungsten carbide-rhenium alloys are valued for their high strength and melting points. Tungsten oxide, on the other hand, is a significant byproduct of the tungsten industry, with applications in catalysis, pigments, and electronics. The market for tungsten carbide-based compounds is driven by their unique properties and the growing demand for high-performance materials in diverse industries.

How is this Tungsten Industry segmented?

The tungsten industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Hard metal
  Steel and alloys
  Mill products
  Others


Application

  Automotive
  Aerospace and defense
  Electrical and electronics
  Machine tools and equipment
  Healthcare


Geography

  North America

    US
    Canada


  Europe

    Austria


  Middle East and Africa

    South Africa


  APAC

    Australia
    China
    India
    Japan
    Vietnam


  Rest of World (ROW)

By Product Insights

The hard metal segment is estimated to witness significant growth during the forecast period.

Tungsten, a heavy metal with a high melting point, is the primary component in the production of hard metal products, specifically cemented carbides. Cemented carbides, also known as tungsten carbides, are engineered materials composed of hard tungsten grains cemented together by a binder matrix of cobalt or nickel alloy. The manufacturing process, liquid phase sintering, results in a composite material that offers superior strength, hardness, transverse rupture strength, and fracture toughness compared to other hard materials like high-strength titanium alloys and hard ceramics. Cemented carbides are widely used in various industries due to their unique properties. In energy applications, they are employed in gas turbine blades and nozzles for their high-temperature resistance.

Tungsten carbide tools, such as drills and cutting tools, are used in heavy industries for their superior wear resistance. Medical applications include the production of surgical instruments and implants. Tungsten carbide inserts, sleeves, and punches are essential components in the manufacturing sector for tooling and cutting applications. The aerospace industry uses tungsten carbi

Offshore Drilling Riser Market is expected to grow at a CAGR of 2.2% from 2025 to 2035, reaching USD 5.38 Billion by 2035 from USD 4.23 Billion in 2025.

生产者价格指数（PPI）：MFG：PM：NP：OT公司：FM：PP：钛及钛基合金在04-01-2025达211.928Jun1982=100，相较于03-01-2025的215.913Jun1982=100有所下降。生产者价格指数（PPI）：MFG：PM：NP：OT公司：FM：PP：钛及钛基合金数据按月更新，12-01-1975至04-01-2025期间平均值为104.100Jun1982=100，共593份观测结果。该数据的历史最高值出现于10-01-2006，达326.000Jun1982=100，而历史最低值则出现于06-01-1977，为40.400Jun1982=100。CEIC提供的生产者价格指数（PPI）：MFG：PM：NP：OT公司：FM：PP：钛及钛基合金数据处于定期更新的状态，数据来源于U.S. Bureau of Labor Statistics，数据归类于全球数据库的美国 – Table US.I: Producer Price Index: by Industry: Manufacturing: Primary and Fabricated Metal Products。