Palladium, nickel prices fall as supply chains cut Russia exposure

Manufacturers turn to alternative materials and sources

20231122N Palladium REUTERS

A machine engraves a palladium ingot at a plant in the Russian city of Krasnoyarsk. Russia produces 40% of the world's palladium.  © Reuters

SHINICHI ARAKAWA and MOMOKA MATSUMOTO, Nikkei staff writers

TOKYO -- Palladium and nickel prices have touched lows not seen in several years as the result of manufacturers rearranging their supply chains to reduce their dependence on Russia.

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