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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains. Trading had yet to resume as of 10 March.

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Tesla shows foresight with undisclosed nickel supply deal with Vale: report

Teslarati

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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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

The report notes that on 8 March 2022, the London Metals Exchange (LME) abruptly halted trading in nickel, which had reached $100,000 per tonne. The LME events were a consequence of positions taken by Tsingshan based on expectations of falling prices.

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

Teslarati

Nickel has seen a rapid rise as of late, with the material surging above $100,000 a metric ton on the London Metal Exchange. Several reasons are behind nickel’s price surge, which saw the material go up 250% in the past two days, though it is believed that a driving factor is Russia’s ongoing invasion of Ukraine. .

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Tesla holds highest average transaction price increase in 2022, Musk warns of ‘inflation pressure’

Teslarati

. “With prices for oil and gas, along with commodities like metals used to build vehicles, soaring due to Russia’s invasion of Ukraine , automakers may be compelled to try to offset their increasing costs by raising vehicle prices. ” RELATED: Ukraine confirms second batch of Starlink terminals from Elon Musk have arrived.

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Tesla Model 3 and Model Y receive latest round of price increases in US and China

Teslarati

Just recently, nickel surged above $100,000 per metric ton on the London Metal Exchange, prompting a trading halt. Several reasons are behind nickel’s price increase, though it is believed that a driving factor is Russia’s invasion of Ukraine.

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DBT CEV fast chargers power 3 LEAFs 12,500 km over 42 days in 2012 Oranje Trophy

Green Car Congress

They then drove up through Russia, all the way to the North Cape in Finland—after which the crews headed back through Norway, Sweden and Denmark to finish in London in time for the opening of the Holland Heineken House in Alexandra Palace ahead of the Olympic Games.

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