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Automakers face soaring metal costs with Russian supplies at risk

Russia Palladium
An employee holds an ingot of palladium at the Krastsvetmet metal plant in Krasnoyarsk, Russia. Palladium is a key component of catalytic converters, that are found in all combustion-engine cars. (REUTERS)
R
By:
Reuters
March 08, 2022 09:30 AM

LONDON -- Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric-vehicle batteries, and drivers are likely to pay the cost.

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