As the aerospace industry works its way back to ‘business as usual’ after the long COVID-19 lockdown, Globe Metal, Saint-Catherine, Québec, Canada, has reported seeing the titanium market improving, bringing with it an increased price and end to titanium scrap shortages.
The aerospace industry accounts for 90% of the titanium market. When aviation came to a halt in April 2020, titanium prices dropped dramatically. By the third quarter of the year, many products were experiencing multi-year lows.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.