**EXHIBIT      21.1**

**SUBSIDIARIES      OF THE REGISTRANT**

|                                                                |   | Jurisdiction                of                        |   | %                of Voting        |
|---------------------------------------------------------------------|--------|-------------------------------------------------------|--------|-----------------------------------|
|                                                                |   | Incorporation                or                       |   | Securities                held at |
| Name                of Corporation                                  |   | Organization                                          |   | December                31, 2006  |
|                                                                |   |                                                  |   |                              |
| Consolidated                subsidiaries:                           |   |                                                  |   |                              |
| Ti-Pro,                LLC                                          |   | Nevada                                                |   | 82%                               |
| TIMET                Colorado Corporation                           |   | Colorado                                              |   | 100%                              |
| TIMET                Millbury Corporation                           |   | Oregon                                                |   | 100%                              |
| TIMET                Castings Corporation                           |   | Delaware                                              |   | 100%                              |
| TIMET                Finance Management Company                     |   | Delaware                                              |   | 100%                              |
| TIMET                UK Limited                                     |   | United                Kingdom                         |   | 100%                              |
| TIMET                UK (EXPORT) Limited                            |   | United                Kingdom                         |   | 100%                              |
| TIMET                Europe Limited                                 |   | United                Kingdom                         |   | 100%                              |
| TIMET                Savoie, SA                                     |   | France                                                |   | 70%                               |
| TIMET                Germany, GmbH                                  |   | Germany                                               |   | 100%                              |
| Titanium                MC Limited                                  |   | United                Kingdom                         |   | 100%                              |
| Titanium                Hearth Technologies, Inc.                   |   | Delaware                                              |   | 100%                              |
| TMCA                International, Inc.                             |   | Delaware                                              |   | 100%                              |
| Loterios                SpA                                         |   | Italy                                                 |   | 100%                              |
| TIMET                Real Estate Corporation                        |   | Colorado                                              |   | 100%                              |
| TIMET                Asia, Inc.                                     |   | Delaware                                              |   | 100%                              |
|                                                                |   |                                                  |   |                              |
| Unconsolidated                affiliates:                           |   |                                                  |   |                              |
| MZI,                LLC                                             |   | Oregon                                                |   | 33%                               |
| XI'AN                BAOTIMET VALINOX TUBES                CO. LTD. |   |         China |   | 11%                               |