Russia’s invasion risks raising costs for Europe’s auto industry

Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips. 

Prices for nickel, a key battery material, rose to their highest levels since 2011 this week following President Vladimir Putin’s decision to send troops into Ukraine. Oil prices rose to a seven-year high above $100 a barrel, while palladium, used in catalytic converters, also hit a seven-month high.  

While US, Japanese and . . .


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