The WoWenomics team was discussing this price spike the other night when the conversation took an interesting turn. Our resident enchanting expert mentioned that he is seeing some benefit from the Titanium rush as it has allowed him to double his normal price for the vellums of Enchant Cloak- Titanweave that he regularly sells. He usually stocked about 20 Titanium Bars of which the enchant only requires two so he is still working off his stock but even if he had to purchase the bars at the AH at today’s high prices he would still be reaping a hefty profit. He presumes that players are willing to pay the higher prices because they assume that his costs for materials must have skyrocketed so the premium must be fair. The high Titanium prices, he says, also have the additional benefit of driving away competing enchanters who are, apparently, hesitant to spend the gold on the inflated Titanium thus further allowing him to dominate the market.
This revelation prompted our Blacksmith to speak up and say that he’s doubled the fee he requests for selling his Titansteel Bar cooldown to 30 gold. He told us that other blacksmiths will do it for less, and some potential customers balk at the higher price, but that he still sells the cooldown on any night he wishes to do so without too much effort. He is also making money from crafting and selling Titanium Rods and shield spikes at inflated prices and further reported a sharp decrease in the amount of competitors in both markets.
The engineer says his Titanium built items are also up in price although he didn’t have the foresight to stockpile the ore or bars so he only makes them from the mats he farms. But when he does the prices that he asks are higher and competition is also down.
Both of our jewelcrafters reported similar findings on Titanium related items in their markets.
Even our resident alchemist is reporting that he is once again finding it highly profitable to blow his twenty-hour cooldown on Transmute: Titanium instead of another transmute.
The point is that with the higher prices comes opportunity in many forms. Look for opportunities to profit off inflated Titanium prices in your own market and thus benefit even if you’re not a miner. If you’re unsure how Titanium might affect you take a look at the comprehensive crafted items list courtesy of WoWhead.