GM is working to secure a consistent and reliable supply of nickel amid rapidly rising prices and mounting global shortages for the critically important metal.
GM CEO Mary Barra appeared on CNBC on Tuesday, where she explained the automaker is still analyzing the potential coming nickel shortage and making moves to help mitigate its effects on the automaker.
Nickel is an important raw material for GM, as it’s used in electric vehicle batteries to help increase energy density within the lithium-ion battery pack. Three-month nickel futures surged 90 percent to $55,000 per metric ton on the London Metal Exchange this week amid fears that production output in Russia will be impacted by the country’s invasion of Ukraine. Russia is the world’s third-largest nickel producer behind the Philippines and Indonesia.
While there are larger net producers of nickel, Russian company Norilsk Nickel produced more primary nickel than any company in the world in the fourth quarter of 2021 at 62,737 tonnes, according to Market Insider. Primary nickel is freshly mined metal that can be used in manufacturing, such as for vehicle batteries.
A Cadillac dealer in Russia
GM temporarily paused vehicle exports to Russia last week amid the Ukraine invasion as the U.S. and its Western allies imposed heavy sanctions on the country in response to its aggression. It’s currently unclear when or if GM vehicle exports and sales will resume in Russia. The automaker has also donated $250,000 to the International Rescue Committee in support of Ukrainian civilians displaced by the Russian invasion.
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Comments
You can order one of Mary’s Lectrics, they’ll install batteries in the 4th quarter 2024 along with heated steering wheel and heated seats!
I sure glad I just got my new 2022 Camaro last week. How I just have to watch gas go up to keep the working people driving less so I can use more.
FYI Russia Today/RT is not a reliable news source
When did that person mention RT as a new source? I just checked 4 different outlets who all listed the same demands Russia has not to join nato.
Neither is any news outlet not covering the fact that Russian troops found u.s.-run bioweapons “Fauci labs” in Ukraine.
🐳 1. Mne ne khvatayet osetrovoy ikry
🚗 2. Prodal Ladu i Ural
⏏️ 3. Udalil Kasperskogo
🍸 4. Vodku ne p’yu, kak ran’she…
🛳 5. Ne yezdite s knyazem Vladimirom
📽 6. Ne khodite k doktoru Zhivago
Yochetsski, polsiney!
Yes it’s all nato and Ukraine fault. We forced putin to do this. We should appease him, just like in 2014 when he had similar concerns, same as in Georgia in 2008. These have all been natos fault. Putin is a good man just like you.
How old are you? Have you ever served? All you guys who believe we are doing the right thing I hope you are active duty you should put your money where your mouth is. Go do your duty to your country enlist to serve americas needs stop being cowards hiding behind your screens sending the young 18-25 year olds to die for you. Be a man go fight.
Why all the downvotes on the other Jake? Can’t anyone tell he’s being sarcastic? Does anyone get sarcasm these days?
Also, Zelensky is Bidens biggest enemy. He was investigating bidens son for the burisma deal before the invasion. Your referring to the highly unpopular Pressident Poroshenko
People can tell he’s being sarcastic that’s why he’s getting downvoted. Maybe just maybe people get sick of the US always acting like they are the good guys maybe just maybe people get tired of the pot calling the kettle black. Or maybe could it be the fact the US overthrew the Ukrainian government in 2014? Could it be the illegal war in Iraq? Could it be the coup they tried to stage in Venezuela? Could it be the bombs dropped on Libya then the main stream media saying it was humanitarian aid? Could it be the US backed Israel bombing Syria and US Africa command AFRICOM bombing Somalia? Do I need to list more for you? People get sick of you waving your freedom flag when it suits your needs and turning an eye when it doesn’t. By the way I downvoted you just because it seems like it bothers you.
Zalensky was not investigating the Bidens he works for them he’s on their payroll. It’s why Trump was trying to force him to investigate when all the globohomos had a mental breakdown and impeached him for it.
Russia is 100% morally and ethically correct to invade Ukraine and we should be supporting them. Not supporting the failed criminal Ukrainian state.
@ jake
It’s America lower case jake people can downvote whatever they want. Nobody needs to explain to you why.
Europe is better off being led by an actual leader with actual strength like Putin than any collection of liberal-euro wimps running the traditional Western powers. We should be forming a global coalition with Putin not sanctioning him. We would if we still had a real president.
Put a quarter in your ass, son, you just played yourself.
MAGA is a CULT and YOU are brainwashed.
@ Huey4417
You were on here less then two weeks ago praising trump don’t try to switch now for upvotes.
Hmmm, Trump & Co. did a few good things while in office, but generally speaking I seriously dislike him even before he became president. Because he’s giant asshole and lying blowhard. So it’s hard to imagine that I said something positive about him here.
The MAGA crowd would do better if it moves past Trump. The reason elites hate him is he has a giant ego, that likes the crowd that could sway his choices. But that was limited. There hasn’t been a ‘draining of the swamp’. Trillions of new bankster bucks and Fauci are the easiest evidence, even before Nov 2020. And why would you trust Barrett or Kavanaugh?
“MAGA 2024” = UNEDUCATED CORNFED & INBRED RUSSIA LOVING FREEDUMB YANKEE MUPPET 🤡🤡🤡 “We should be forming a global coalition with Putin not sanctioning him.”🤣🤣🤣…TRULY UNBELIEVABLE HOW MANY CLUELESS DUMB AS A PISSED ON POST RUSSIAN “AMERICANS” ARE ON THIS SITE LMFAO. #TRUMPFORPRISON2022 #PUTINISAWARCRIMINAL
Boy you got that right. There’s usually a few intelligent guys here, but also many Faux News zealots who believe Tucker Carlson actually means what he says lol
LOL
Yavolski puzhni, compadravi shivolpa!
I think you spelled Trump Crime family, wrong.
No he got it right. Just because you are to stupid to see it doesn’t mean the rest of us are. Crawl back down to your parents basement child.
“to stupid”
Typical comment from a kike