They tried to replace it with aluminium but that didn't work out and they reverted to steel. I don't know why they didn't go back to titanium.
At that time Brompton had huge issues sourcing the titanium parts reliably, affordably and in time - lead times for ti-Brommis were very long and for some longer periods between 2010 and maybe about 2015 no ti-bikes were available at all and most of the time only in small amounts.
Replacing the ti-post with an aluminium one was as far as I know one step to ease that problem at least a little bit. The aluminium post turned out not to be of suffient quality - the surface coating vanished quickly, giving the post an ugly look after only a short period of time. So they went back to steel.
Regarding why they did not return to ti: One thing about the ti-posts is that the surface is rougher, thus the plastic shim inside the frame wears quicker. With many of the ti-posts the surface showed signs of wear over time with the post getting a blue-ish look. Very, very occasionally one could read about breaks as well. But I agree that it would be a good move to replace the steel post with something lighter at least on ti-bikes. An easy and affordable way to safe surprisingly many grams. The more as aluminium posts, black or silver, are standard on most folders w/o issues regarding the surface coating. Due to the weight I would personally prefer a ti-version. The more as I run the extra-heavy telescopic post.
Weights, roughly:
Brompton ti-posts:
standard: 270g
long: 305g
telescopic: 490-540g
Brompton steel-posts:
standard: 397g
long: 434g
telescopic: 700g
Currently can't find the weight for the Brompton aluminium posts (I know I wrote it down somewhere) but it has been said that the aluminium posts were ~50g lighter than the steel ones but not as light as the ti ones.