Boeing and Airbus, as the world's two largest aviation giants, have a very large demand for titanium metal in Russia. Since the outbreak of the Russian-Ukrainian conflict, Boeing has gradually withdrawn from its business in Russia and stopped purchasing titanium metal from Russia. Now, Airbus is also looking for new sources of titanium.
In related reports, European aviation giant Airbus is looking for alternative sources of titanium other than Russia. About 50 percent of Airbus' titanium comes from Russia. Airbus is concerned about future supply chain disruptions. In order to avoid affecting the company's production capacity this year, they has to seek new sources.
According to the data, Russia's titanium reserves ranked third in the world with a share of 13.5%, after China and Japan. The production of titanium sponge in Russia accounts for 22% of the world's production. Russia's Aviscode is the world's largest producer of titanium sponge, and has trade in titanium metal with airlines such as Boeing in the United States, Airbus in Europe, Safran in Europe, and Rolls-Royce in the United Kingdom. It can be seen that Russian titanium plays an important role in the world.
Although many countries in the United States and Europe have not imposed restrictions on Russian metals, some buyers have begun to avoid Russian metals. As a competitor to Airbus, Boeing has said it will stop buying Russian titanium, which accounts for one-third of its total titanium purchases from Russia.
If Airbus directly suspended the import of titanium from Russia , 50% of the titanium in the supply chain will be directly reduced, which will have a huge impact on the manufacture of aircraft. And the EU still allows Airbus to continue buying Russian titanium. "We are closely monitoring the situation in Russia and Ukraine and the situation of Russian titanium to avoid affecting our supply chain and business," said Wersch, Airbus's head of European sales.