U.S. Secretary of Commerce Wilbur Ross confirmed the launching of an investigation surrounding titanium sponge imports to determine its impact and potential threats on national security. The investigation follows Ross’ acceptance of the Section 232 petition in September of last year from Titanium Metals Corporation, a domestic producer.
“Titanium sponge has uses in a wide range of defense applications, from helicopter blades and tank armor to fighter jet airframes and engines,” said Secretary Ross. “The Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair, and transparent investigation before we make a recommendation to the President.”
As a primary material utilized for the production of civilian aircraft, chemical plants, space vehicles, satellites, naval vessels, missiles, and munitions, the outcome of the investigation determines next steps for a significant portion of U.S. imports, as it’s noted that “Imports account for more than 60 percent of U.S. titanium sponge consumption,” according to information in the release.
Ross announced the launching of the investigation to Acting Secretary of Defense Patrick Shanahan through a letter to serve as the required notification following the initiation of an investigation.
Source: U.S. Department of Commerce