Tesla shows foresight with undisclosed nickel supply deal with Vale: report
Teslarati
MARCH 30, 2022
Even before Russia’s invasion of Ukraine, nickel was already experiencing a rise in cost. But following Ukraine’s invasion, the price of the material saw an even more drastic rise. In early March, nickel prices surged above $100,000 per metric ton on the London Metal Exchange, prompting a trading halt. .
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