Titanium is not necessarily cheap, as it is more expensive than many common metals, such as steel and aluminum. However, titanium is generally less expensive than precious metals like gold and platinum.
One reason is that titanium is more abundant in the earth’s crust than many other precious metals. This means it is easier to mine and extract, which can help keep the price down.
Another factor is the demand for titanium. While it is a highly valuable material for specific applications, such as aerospace and medical, it is not as widely used as other metals, such as steel and aluminum, used in various industries. This means that there is less demand for titanium overall, which can contribute to a lower price.
It’s also worth noting that the cost of processing and manufacturing titanium can be relatively high due to its unique properties. Titanium is difficult to work with, and specialized equipment and techniques are often required to produce high-quality products. This can increase the cost of using titanium in specific applications.