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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. Inventories are just one part of the supply equation for diesel and other distillates. EIA forecasts Russia will produce 9.3

Oil 334
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Lucid Air price increases due to rising raw material costs & supply chain challenges

Teslarati

Lucid Motors announced a price increase for its Lucid Air product line after releasing its Q1 2022 financial results. In an 8-K SEC filing , Lucid shared a statement from CEO and CTA Peter Rawilson about the Air’s price increase. As the Lucid CEO confirmed, the Air’s new pricing will go into effect on June 1, 2022.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization.

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EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

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The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Although US natural gas prices also rose, they ended the 2021–22 heating season at close to $5.00/MMBtu,

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Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs

Teslarati

And according to Morgan Stanley analyst Adam Jonas, the rising price of one particular material — nickel — could result in general electric vehicle prices seeing a $1,000 price increase. The post Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs appeared first on TESLARATI.

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SAFE report addresses US aluminum sector’s energy challenges; more US production of primary aluminum needed

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As the aluminum sector is expected to rapidly grow over the next twenty years, the United States should evaluate whether it is likely to maintain a secure and reliable supply of primary aluminum, or whether vulnerabilities exist in the supply chain. Global demand is outpacing supply, so we can see a potential supply shocking coming.

UAE 259
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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

We are currently operating in a period of economic uncertainty, capital markets disruption, and supply chain interruptions, which have been significantly impacted by geopolitical instability due to the ongoing military conflict between Russia and the Ukraine. The company mentioned risks in battery cell pricing and availability.

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