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Boeing suspends buying titanium from Russia

by Mike Robinson

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© Reuters. FILE PHOTO: The emblem of Dow Jones Industrial Common inventory market index listed firm Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photograph

(Reuters) -Boeing Co has suspended shopping for titanium from Russia, the Wall Avenue Journal reported https://www.wsj.com/articles/boeings-future-with-a-titanium-venture-in-russia-remains-cloudy-11646649002?mod=latest_headlines on Monday, a transfer that would have ramifications for the planemaker’s relationship with its largest provider of the commodity, VSMPO-Avisma.

There are, nevertheless, no sanctions but on the Russian provider, which has a 25% stake owned by state conglomerate Rostec.

The potential for disruptions to Russian commodity provides has thrown a highlight on the steel utilized in within the aerospace, marine and auto industries.

Boeing (NYSE:), nevertheless, mentioned final month it was not involved because it had diversified its titanium provide chain since 2014, when Russia was sanctioned for its annexation of Crimea from Ukraine.

Boeing didn’t instantly reply to a Reuters’ request for a remark.

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