So, around 75% of the world's titanium supply currently comes...

So, around 75% of the world's titanium supply currently comes from countries who aren't going to be giving the US any ... Russia, China etc..

There's been a big increase in demand over the last few years, and that will only be exacerbated by the supply shock as a result of global political conflict.

To spell it out, aerospace = planes / missiles / drones etc..

Anyone noted there are a few wars going on right now? Where's Europe going to get its titanium supply from over the coming years?

Year old article but sums things up nicely: https://thedeepdive.ca/boosting-titanium-production-amid-heightened-reliance-on-russia-china-supply/

AI cheat sheet:

"The demand for titanium is higher than the supply, and the global supply chain is limited. This has led to increased prices.

Demand

• Civil and military technology: Titanium is important for advanced technologies in these sectors.
• Aerospace: Two-thirds of titanium in the EU is used in civil aerospace.
• Other industries: Titanium is used in chemical technologies, automotive, robotics, defense, and additive manufacturing.

Supply

• Limited geological deposits: Although titanium is common in rocks and soils, the deposits that are suitable for mining are much smaller.
• Limited domestic production: Some countries, like the EU, have limited capacity to produce titanium domestically.
• Reliance on imports: The EU is a net importer of titanium, importing more than it exports.

Impact

• Price

  The limited supply and growing demand for titanium has led to increased prices.
• Supply chain vulnerability

  The supply chain for titanium is vulnerable to disruption. For example, Russia is a major source of titanium for the aerospace industry.
  
  
  
  
  We have other key metals / REE needed by the aerospace industry in particular.
  
  (Massive) If Enova can prove up what we have, put out a favourable PFS and get funding, we should be in line for a massive re-rate.
  
  I wouldn't be at all surprised if ENV get bought out within the next 12-18 months if the above comes true. Sitting duck at this market cap.