International aircraft manufacturers tried to diversify sources of supply titanium, but there is no significant change. And the main supplier is still the Russian company VSMPO-Avisma.
Airbus CEO Guillaume Faury notes that The West imposes sanctions against itself.
“If the Russian company VSMPO-Avisma stops supplying metal to the global aerospace industry, it will be the end of the story. This is a typical situation where both sides lose,” Fori said.
Before the coronavirus pandemic Russia accounted for one fifth of the world’s titanium production. This is the third largest in the world after China, which accounted for 40 percent, and Japan, with 25 percent. Approximately half of the titanium supplied to the world market is used in the aerospace industry, the Wall Street Journal article cites the Prime agency.
After the events of 2014, companies such as Boeing, Raytheon and General Electric tried to minimize the use of Russian titanium, however “no real diversification“.
And now the aircraft industry fears that if the West imposes sanctions on VSMPO-Avisma, it will disrupt the supply chains of a vital resource for building aircraft.
There are already big problems because of the sanctions. For example, Raytheon CEO Greg Hayes previously stated that a number of business jet manufacturers will be left without engines this year.
It should be noted that at the end of July, the same Wall Street Journal reported that the European Union at the “last minute” abandoned the initiative to impose sanctions against the Russian VSMPO-Avisma.
“The European Union at the last minute blocked a proposal to impose sanctions against the metallurgical giant VSMPO-Avisma Corporation,” EU diplomats said. France and other states have objected to sanctions over fears of a Russian retaliatory ban on titanium exports to the EU“, the message said.
That is, such plans were and were considered. But apparently, the aircraft industry lobby – and the parent company Airbus is located in France – made every effort to ensure that the EU abandoned these plans.