Buy IPX by Jun 7, 2026.

The United States has no domestic titanium sponge production. The last commercial sponge facility, operated by TIMET, was idled in 2020. Approximately 87% of U.S. titanium sponge imports come from Japan per USGS data. Japan is a U.S. ally but has no titanium ore of its own. Japanese sponge producers source ore from Australia and South Africa, process it through the Kroll reduction process domestically, and export finished sponge to the U.S. China produces approximately 63-69% of global titanium sponge …