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Boeing Co reported Monday that it has suspended its purchase of titanium from Russia, a move that could have implications for the aircraft manufacturer’s relationship with its largest supplier of the raw material, VSMPO-Avisma.
According to the manufacturer, “our inventory and diversity of titanium sources provide a sufficient supply for airplane production.”
The potential for disruption of Russian raw material supplies, following the country’s invasion of Ukraine, has cast a spotlight on the metal used in the aerospace, marine and automotive industries.
There are still no sanctions on the Russian supplier, which is 25% owned by state-owned conglomerate Rostec. The titanium supplier is now redirecting its sales policy to other markets.
Meanwhile, Boeing’s European rival Airbus SE has indicated that it sources titanium directly from Russia and other countries. This is done in compliance with all applicable sanctions and export control regulations in place.
Boeing disclosed last month that it was not concerned about potential supply disruptions, as it had diversified its titanium supply chain since 2014, when Russia was sanctioned for its annexation of Crimea by Ukraine.
