Niocorp Developments Ltd (NB)

[The_Gman]

Putin says Russia should consider restricting uranium, titanium and nickel exports
By Reuters
September 11, 2024
https://www.reuters.com/markets/commodities/putin-says-russia-should-consider-restricting-exports-uranium-titanium-nickel-2024-09-11/

Western countries have sharply cut purchases of Russian oil and gas since the start of the war in Ukraine but Russia remains a major supplier of metals to world markets, so a cut or halt to its exports could cause disruption, analysts said.

Russia is also the world's third largest producer of titanium sponge, which is turned into metal for industrial applications in the aerospace, marine and auto industries, but has low titanium mineral reserves of its own.
Russia's largest titanium sponge maker VSMPO-Avisma, partly owned by sanctioned defence conglomerate Rostec, supplied titanium to both Boeing and Airbus before the Ukraine war.
Canada has placed VSMPO-Avisma under sanctions but has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing.
Boeing stopped buying titanium from Russia less than two weeks after the start of the war with Ukraine in 2022.
Russian customs data shows that United States still buys Russian titanium, but the biggest purchasers are France, China and Germany.