Metal Movers: Aerospace Metals outlook

The aerospace industry is contending with various supply chain headwinds progressing into 2025, as
manufacturers are not producing parts and aircraft at a commensurate rate to demand. Further
upstream, the titanium market is grappling with this choppy recovery in demand from OEMs, while
weighing its own uncertain supply situation.

Ronan Murphy, Editor of Argus Non-Ferrous Markets, spoke to Argus’ titanium experts Samuel Wood
and Alex Nicoll to explore the challenges for aerospace OEMs, when they may be resolved, and how
this will translate back to demand for titanium metal. Argus’ associate editor Cristina Belda also
provides a view on complications in high-temperature alloy supply chains, and how dual-use items
are getting caught up in escalating global trade tensions.

Key topics covered in the podcast:
* What challenges have limited a ramp-up in aircraft production?
* How has this affected demand for titanium raw materials, and generation of titanium scrap?
* Where does China’s burgeoning titanium market fit into western aerospace supply chains?
* How are China's recently imposed enhanced export controls on dual use items affecting
supply chains?