Carmakers face higher costs and supply issues as price of nickel soars
by Gwyn Topham and Julia Kollewe from World news | The Guardian on (#5WWPB)
London Metal Exchange suspends nickel trading as Russia-Ukraine crisis causes market panic
Car manufacturers are facing soaring costs and supply issues after the price of nickel doubled to record levels in the wake of Russia's invasion of Ukraine.
Prices passed $100,000 (76,000) a tonne - driven up by buyers racing to cover short positions - before the London Metal Exchange (LME) suspended trading in nickel for the day.
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