Explainer: Importance of Russian titanium to global industry – Reuters


Register now for FREE endless access to Reuters.comRegisterAirbus has stated it relies on Russia for half its titanium requires, while a U.S. market source stated VSMPO-AVISMA supplied a third of Boeings requirements.” USGS approximates that Ukraine produced 525,000 tonnes of titanium mineral concentrates last year.WHO IMPORTS TITANIUM?Consultancy CRU states that China was the largest importer of titanium sponge last year with more than 16,000 tonnes, up from 6,000 tonnes in 2020.” The recovery of industries such as construction and aerospace last year led to a jump in need for titanium products post-pandemic,” CRU experts said.Tight products can be seen in costs of titanium sponge which are up nearly 9% given that the end of December at about $9 per kg.WHAT IS TITANIUM USED FOR?Titanium is utilized in the aerospace market to make landing gear, blades and turbine discs, in the marine industry titanium sheet is utilized to make ships and submarines and in the auto sector it is utilized in components for internal combustion engines.In chemical processing, titanium offers protection from fatigue and splitting, in vaping titanium wire is utilized to enhance safety and control temperature level and in sport its usages include golf club heads.Titanium is likewise utilized for joint replacements and oral implants because it has a similar density to human bones.WHATS IN A NAME?The name Titanium is obtained from the Titans of Greek mythology, with the metal accounting for about 0.6% of the earths mass.It is a hard, strong, light-weight metal with extraordinary resistance to rust.

A worker deals with a titanium ingot at the VSMPO-Avisma factory in Verkhnyaya-Salda, some 1,800 km (1,100 miles) east of Moscow, November 7, 2013. REUTERS/Svetlana Burmistrova (RUSSIA – Tags: BUSINESS) Register now free of charge unlimited access to Reuters.comRegisterLONDON, March 1 (Reuters) – The potential for interruptions to Russian commodity materials has tossed a spotlight on the metal used in the aerospace, marine and automobile industries.The United States and Europe have imposed financial sanctions on Russian banks, individuals and other entities after Russia got into Ukraine. learn more There are yet no sanctions on Russian product exporters such as VSMPO-Avisma (VSMO.MM), which provides titanium to planemakers Boeing (BA.N) and Airbus (AIR.PA). Register now for FREE unrestricted access to Reuters.comRegisterAirbus has said it counts on Russia for half its titanium requires, while a U.S. industry source stated VSMPO-AVISMA provided a third of Boeings requirements. learn more
” In 2021 Ukraine was the leading source of titanium mineral focuses imports into Russia,” USGS stated.” USGS approximates that Ukraine produced 525,000 tonnes of titanium mineral focuses last year.WHO IMPORTS TITANIUM?Consultancy CRU states that China was the biggest importer of titanium sponge last year with more than 16,000 tonnes, up from 6,000 tonnes in 2020.” The healing of markets such as building and aerospace last year led to a jump in need for titanium items post-pandemic,” CRU analysts said.Tight materials can be seen in costs of titanium sponge which are up nearly 9% given that the end of December at about $9 per kg.WHAT IS TITANIUM USED FOR?Titanium is utilized in the aerospace industry to make landing equipment, blades and turbine discs, in the marine market titanium sheet is used to make ships and submarines and in the car sector it is utilized in components for internal combustion engines.In chemical processing, titanium provides defense from fatigue and cracking, in vaping titanium wire is used to enhance security and control temperature level and in sport its uses include golf club heads.Titanium is likewise used for joint replacements and dental implants due to the fact that it has a comparable density to human bones.WHATS IN A NAME?The name Titanium is obtained from the Titans of Greek mythology, with the metal accounting for about 0.6% of the earths mass.It is a hard, strong, lightweight metal with extraordinary resistance to rust.
Modifying by David Goodman and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.


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