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1 Critical Metals Supplier For A Massive Aerospace Boom

I grew up in Wichita, Kansas. During my childhood, it was known as the “Aircraft Capital of the World.” Boeing, Cessna and Raytheon all had huge facilities there.

I visited my grandfather at the Boeing plant one day. He was an engineer and pointed out these massive piles of steel and aluminum on the plant floor.

When I asked why all that metal was stacked up his reply was simple: “If it wasn’t there, we couldn’t build all of these airplanes.”

Steel is critical for producing aircraft — from the body of a plane to its engines and landing gear.

And metal suppliers are dealing with a demand boom headed into the next decade.

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This post appeared first on Money & Markets, LLC.