Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry
Green Car Congress
FEBRUARY 26, 2022
Russia’s largest miner Nornickel produces around 20% of the world’s supplies of high purity class 1 nickel, which is used in electric vehicle batteries. Oil prices rose to a seven-year high above $100 a barrel, while palladium, used in catalytic converters, also hit a seven-month high.
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