UMCC

On Results of the Round Table "Risks and Opportunities for the United States in the Global Titanium Market Amid the Russia-Ukraine War"

Retrieved on: 
Friday, October 7, 2022
Method, Titanium, AfD pro-Russia movement, Foundation, UMCC, VSMPO-AVISMA, The Security Institute, Board, FDD, National Press Club (United States), Government, EESI, Boeing, Press club, Defense, Weapon, Cryptocurrency, EU

John Hardie, deputy director of FDD's Russia Program, noted that the United States imports over 90 percent of its titanium sponge.

Key Points: 
  • John Hardie, deputy director of FDD's Russia Program, noted that the United States imports over 90 percent of its titanium sponge.
  • Since 2018, the United States has designated titanium as a "critical mineral," meaning the potential for disruption of foreign supplies represents "a strategic vulnerability" for the U.S. economy and military.
  • But Boeing and other Western companies withdrew supplies from Russia after the invasion, leading to a market shortage.
  • Mr. Pinchukalso argued that for efficient use of the Ukrainian potential, it is necessary to use both methods of titanium processing.