Boeing Stopped Russian Titanium, Airbus Is Looking For a New Source of Titanium
As the world's two major aviation giants, Boeing and Airbus have a very large demand for titanium in Russia. Since the war between Russian-Ukrainian, Boeing has gradually pulled out of business in Russia, and stopped purchasing titanium from Russia. At the same time, Airbus is also looking for new sources of titanium.
According to related reports, the European aerospace giant, Airbus is looking at alternative sources of titanium other than Russia. Airbus gets about 50% of its titanium from Russia. Airbus is worried about future supply chain disruptions. To avoid disrupting the company's capacity this year, new sources have to be sought.
Data show that Russia's titanium reserves rank third in the world with a 13.5% share, second only to China and Japan. The production of titanium sponge at the Russian product level accounts for 22.0% of the world. Russia Avisma is the world's largest producer of titanium sponge, and has titanium trade with airlines such as Boeing, Airbus, Safran, and Rolls-Royce. It can be seen that Russian titanium has an important position in the world.
Although many countries in the United States and Europe have not restricted Russian metals, some buyers have begun to avoid Russian metals. As a competitor of Airbus, Boeing has said it will stop buying titanium from Russia. Boeing buys one-third of its titanium from Russia.
But Airbus is different. If the import of titanium from Russia is directly suspended, there will be 50% less titanium in the supply chain, which will have a huge impact on the manufacture of aircraft. And the European Union still allows Airbus to continue to purchase Russian titanium.
Wersch, head of sales for Airbus Europe, said that we are paying close attention to the situation in Russia and Ukraine and the situation in Russia to avoid affecting our supply chain and business. There are no problems yet.
