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Carmakers face soaring metal costs
Russia’s invasion of Ukraine is raising the price of metals used in cars, from aluminum in bodywork to palladium in catalytic converters to high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill. While metals have not yet been...
Nickel: Lme expects to resume trading no earlier than March 11, 2022
After the suspension of nickel trading on March 8, 2022 at 9:15 a.m. (Italian time), due to the excessive volatility of the market (up in 2 days by 270% - maximum at 101,365 $/ton), the London Metal Exchange expects to resume trading in nickel not before March 11,...
Nickel: Lme suspends trading
The London Metal Exchange has suspended trading after an unprecedented price surge left brokers struggling to pay margin calls. Nickel prices have soared as much as 250% in the past two days, reaching record levels above $100,000 a tonne, in the largest price movement...
Titanium: Boeing suspends purchase from Russia
Boeing Co reported Monday that it has suspended its purchase of titanium from Russia, a move that could have implications for the aircraft manufacturer’s relationship with its largest supplier of the raw material, VSMPO-Avisma. According to the manufacturer,...