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Solid Demand For Titanium
[ 作者:佚名 转贴自:本站原创 点击数:3166    更新时间:2008-04-23 文章录入:本站 ]

In the next three years, the titanium industry could continue to expand driven by increased demand from aerospace companies such as Boeing and Airbus, according to a recent report by Banc of America Securities.

 

"Given that aerospace production should peak in 2010, we believe 2008 and 2009 should be peak years for aerospace titanium demand," said Kuni Chen, an analyst for Banc of America.

 

"Over time, continued growth of industrial applications and emerging markets (oil & gas, medical) should help to diversify titanium end-market demand."

 

The analyst also said the titanium capacity should continue to expand, but that the pace of that growth is manageable.

 

"Our strategy is to look for opportunities to buy the group on pullbacks," Chen said.

 

More specifically, Chen initiated coverage of Titanium Metals (nyse: TIE - news - people ) with a "buy" rating, saying "higher pricing on new and existing contracts should lead to further improvement in margins and returns."

 

Titanium Metals Corporation shares rose 2.2%, or 75 cents, to $35.38 at the end of trading on Tuesday.

 

The research firm also initiated coverage of RTI International Metals (nyse: RTI - news - people ) with a "neutral" rating.

 

RTI International Metals dropped 0.7%, or 59 cents, to $87.0 at the close of trading.

 

"Our positive fundamental outlook already appears largely reflected in valuation," said Chen.

 

"We also see RTI as a less efficient way to play the upturn, given its lack of raw material integration."

 

 

(From: www.forbes.com)

 

 

 

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