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.
Manufacturers turn to alternative materials and sources
A machine engraves a palladium ingot at a plant in the Russian city of Krasnoyarsk. Russia produces 40% of the world's palladium. © Reuters
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.