Boeing Stops Buying Russian Titanium, Europe’s Airbus Continues Purchases
Neither the European Union nor the United States have placed sanctions on Russian titanium producers – yet.
Nonetheless, Boeing announced on Monday that it will no longer purchase titanium from Russian suppliers. The aircraft manufacturer made the following statement, in part:
“Our inventory and diversity of titanium sources provide sufficient supply for airplane production, and we will continue to take the right steps to ensure long-term continuity.”
Boeing previously relied on Russia for around 35% of its titanium needs. Airbus’ numbers are higher.
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