Titanium can certainly be recycled.. you only need to look at all the companies offering this service to know it is a very viable procedure.
How to recycle titanium
Because titanium is a relatively light-weight metal (low density), it is possible to recycle easily. The real question is whether it is economic to do so.
Often, ore processing provides a simpler and more cost effective option, which is why titanium recycling isn't as widespread as other metals..