Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium to palladium to the high-grade nickel in electric vehicle batteries
London nickel prices soared as much as 30.7% on Monday, the biggest daily percentage gain on record, as supply fears gripped markets amid an escalating Russia-Ukraine conflict
Three-month aluminium on the London Metal Exchange jumped 3.3% to $3,402 a tonne by 1700 GMT after touching a record of $3,480
The metal used in everything from aircraft to cans rose as much as 3.3% to a 13-year high of $3,236 a tonne on Tuesday. It later eased to $3,187.
Discussions follow US and European Union move to end dispute and hammer out deal to combat "dirty" production and overcapacity
Chinese government’s efforts to curb domestic power consumption restrict supply, threatening industrial production and closure of auto plants.
Factory gate inflation in the US soared to over 8% in August while China’s continuing regulatory crackdown saw market heavyweight Alibaba plunge more than 4% after officials ordered sweeping changes to payment app Alipay
Analysts say the government’s move to auction metals on July 5 may only have a limited impact in terms of...