Another blow to the airline and engine manufacturers.
https://www.bloomberg.com/news/articles/2022-02-24/jet-engine-maker-safran-looking-for-titanium-outside-russia
Another blow to the airline and engine manufacturers.
https://www.bloomberg.com/news/articles/2022-02-24/jet-engine-maker-safran-looking-for-titanium-outside-russia
The Supply Chain is global. Any disruptions and the machine slows down and/ or stops. So do profits.
China is a major supplier of titanium, but the largest titanium forging company in the world, VSMPO-AVISMA Corporation, is located in Russia. Here is a great article explaining why this Russian company is vital to the airline industry and also the engine manufacturers.
https://www.forbes.com/sites/willyshih/2022/03/06/the-titanium-supply-chain-for-the-aerospace-industry-goes-through-russia/
Don't worry G.E. is very close friends with China and they have plenty.