The war between UKRAINE and RUSSIA hit hard on consumer products !
- Categories:Industry
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- Time of issue:2022-03-16 11:06
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The war between UKRAINE and RUSSIA hit hard on consumer products !
- Categories:Industry
- Author:
- Origin:
- Time of issue:2022-03-16 11:06
- Views:
It’s not just gas. Metal prices are also surging, which will affect many consumer products.
Russia is a key global supplier of a variety of metals used in manufacturing — aluminum, nickel, palladium. Those metals are now in short supply, and prices for many consumer goods will reflect higher production costs.
The price of nickel on the London Metal Exchange skyrocketed Monday by more than 60%.
Nickel is used to make stainless steel, lithium-ion batteries and other goods. This means the cost of everything from cookware to consumer electronics may be about to climb.
The rising costs illustrate the realities of global supply chains and the interdependent nature of manufacturing. Higher expenses for one component of a product can drive up overall prices.
These actions will result in a terrible increase of battery cost.
Since we always pay attention to the market dynamics and international situation, we reserve a certain amount of batteries to cope with the next peak season ensure that it will not affect our existing customers.
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