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As an avid mountain biker, I can tell you that the high-end for mountain bikes is definitely not titanium, it's carbon fibre. Titanium mountain bikes are rare, probably even more than road bikes.

Every major brand uses carbon fiber in their high end bikes.

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That's true, but as someone who rides a titanium MTB, you tend to get looks from people who think I'm riding some super-exotic high-end machine.

It's a custom frame which costs much less than a commercial carbon fibre frame. Titanium is only expensive because there aren't that many vendors that make them, and they all want to position themselves as high-end.

Wow, I stand corrected. I did not notice this change - I haven't bought a mountain bike in a number of years.

Last time I bought one ~2011 I swear it was a little steel, mostly aluminum and a tiny fraction of titanium.

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