Palladium, copper and nickel hit historic highs on Russia sanctions

Manufacturers scramble for supplies of crucial metals in cars, batteries

20220307N Palladium and copper

Palladium and copper prices both hit all-time highs on Monday. (Source photos by Reuters)

MISA HAMA, HARUKI KITAGAWA and SHOKO HIRUTA, Nikkei staff writers

TOKYO -- Prices for key industrial metals including palladium, copper and nickel are soaring to record levels as economic sanctions against Russia, a major supplier, threaten to squeeze supply and push manufacturers to seek other options.

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