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Soaring metal costs stemming from Russian invasion hit the auto industry

Russia Palladium web.jpg
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 EV batteries, and drivers are likely to pay the cost.

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