The Russia-Ukraine war has the aerospace companies worried as it may disrupt the supply of titanium, a key mineral used in the manufacture of various components of modern aircraft.
Kevin Michaels, managing director of AeroDynamic Advisory, a supply-chain consulting firm, has sounded an alarm by saying that Russian President Putin can shut down the commercial aerospace business if he chooses to do so.
VSMPO-AVISMA Corporation based in Verkhnyaya Salda, Russia, is the world’s largest titanium producer. It supplies 30-35% of the titanium used by the aviation sector globally. Aerospace giants such as Boeing and Airbus are heavily dependent on Russian titanium.