Key facts
- Jet engine manufacturing is increasing demand for nickel, titanium, and alloy elements.
- Higher OEM deliveries are contributing to the demand surge.
- Planned capacity expansions in aircraft engine manufacturing are also a factor.
- Prices for nickel, nickel-based superalloys, and premium-quality titanium are rising.
- Demand is also lifting prices for tungsten, rhenium, tantalum, niobium, hafnium, and cobalt.
- Supply tightness is a contributing factor to the price increases for alloying elements.
The manufacturing of jet engines is currently a significant driver of increased demand for essential metals like nickel, titanium, and other alloy elements. This surge in demand is directly linked to higher original equipment manufacturer (OEM) deliveries and planned capacity expansions within the aerospace sector. Consequently, prices for nickel, nickel-based superalloys, and premium-quality titanium are experiencing a notable rise. The increased production also extends to critical high-temperature alloying elements, including tungsten, rhenium, tantalum, niobium, hafnium, and cobalt. Supply tightness for these specialized metals is further exacerbating the price increases, indicating a broader strain on the supply chain for advanced aerospace materials.