When you talk Ti you need to make a distinction between CP (commercially pure) grades such as the ones used for heat exchanger tubing, grades that are alloyed for corrosion resistance (often with Ru or Pd, these are very uncommon alloys), and the grades that are designed for high strength by heat treatment (usually with Al, V and others).
First, only about 2% of Ti mined is used as metal, almost all of the rest is used TiO2 pigment.
It used to be that people built plants that produced CP material, and used it as feedstock for the high strength aerospace grades.
This changed when China began building plants. They wanted less expensive CP material for industrial use (and consumer use) and they built plants that made CP that was not suitable for remelting into aerospace grades. The CP material makes up about 85% of all metallic Ti used.
As a result CP prices are very low ($7-8/lb, about double that of Cu), but high strength aerospace grades are still as expensive as they have always been. Depending on the alloy and product form they can range from $25-75/lb.
The biggest design issue with Ti is the low modulus, only about 15kksi compared to steels (and stainless) at 30kksi.
Ti also has issues with the properties being different in various directions. Rolled plate has different strength and modulus in the longitudinal, transverse, and thickness.
Ti also (like Al) does not have a cleanly defined fatigue limit. Hence when cold worked Ti3/2.5 is used for hydraulic tubing on aircraft it has a finite service life that is much less than that of the airframe. At the same strength 21-6-9 stainless tubing may be 35% heavier, but it has an infinite fatigue life under the same design limits.
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