European aerospace manufacturer Airbus called on the EU to act on several fronts to secure metals availability at the EIT Raw Materials Summit in Berlin this week.
The aerospace and defence industries are heavily dependant on metals such as titanium, used widely in aircraft and engine manufacturing. Russia is the third-biggest producer worldwide after China and Japan. Airbus used to rely on Russia for some of its supply, Argus understands, but has made efforts to move away from it recently. Other strategic materials for the aerospace sector whose supply relies largely on Russia and other countries outside the EU are nickel, aluminium, cobalt and chromium.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.