equitieswatch
Tuesday, February 7, 2023
About us
Advertise
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities
No Result
View All Result
Equitieswatch.com
No Result
View All Result

Boeing suspends buying titanium from Russia

by equitieswatch
March 7, 2022
in Stock Market


© Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo

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

There are, however, no sanctions yet on the Russian supplier, which has a 25% stake owned by state conglomerate Rostec.

The potential for disruptions to Russian commodity supplies has thrown a spotlight on the metal used in in the aerospace, marine and auto industries.

Boeing (NYSE:), however, said last month it was not concerned as it had diversified its titanium supply chain since 2014, when Russia was sanctioned for its annexation of Crimea from Ukraine.

Boeing did not immediately respond to a Reuters’ request for a comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

YOU MAY ALSO LIKE

Mexico’s new airport gets boost from Panama’s Copa Airlines By Reuters

Honda and Sony Team Up to Tackle Tesla

ShareTweetPin

Search

No Result
View All Result

Recent News

Oil slips further on demand, financial market worries By Reuters

Oil Sinks Further Amid China Concerns, Weakened Economic Prospects By Investing.com

October 25, 2022
Gold Up, Set for Second Weekly Gain as Dollar Falls from 20-Year High By Investing.com

Gold Pressured Near $1,650, Copper Muted on Economic Fears By Investing.com

October 25, 2022
Explainer-What would be the impact of Russian oil sanctions in Europe? By Reuters

Oil prices edge higher as U.S. dollar eases By Reuters

October 25, 2022
Equitieswatch.com

Equitieswatch.com is your Stock Market, Finance, Forex, Cryptocurrency, Business, NFT News Website. We provide you with the latest breaking news and videos straight from the Business industry.

  • Home
  • About us
  • Contact
  • Privacy Policy

© 2022 www.equitieswatch.com

No Result
View All Result
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities

© 2022 www.equitieswatch.com