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The use and development of titanium and titanium alloys have been strongly correlated to high technology industries where costs are not the most important aspect. Titanium could see its market grow by the application of lower cost and more efficient processing methods such as powder metallurgy. This work deals with the characterisation of two types of powders: commercial prealloyed powder and powder produced from master alloy combining mechanical milling and conventional blending to adjust the particle size. The characteristics of the powders, sintering behaviour and final properties of the parts indicate that the master alloy approach leads to better compressibility than the prealloyed powders and, therefore, to lower dimensional change during sintering. The most important result is that it is possible to obtain Ti alloys with properties similar to or better than alloys from prealloyed powders and to obtain homogeneous microstructures, which allows the composition to be adjusted to requirements.