![Nickel surges 250%: Here’s how it will hurt the EV market](https://images.assettype.com/fortuneindia%2F2021-08%2F5be4b2e1-9629-4491-8442-16495f64b1c8%2F2E0N70B_copy.jpg?w=300&q=95)
Nickel surges 250%: Here’s how it will hurt the EV market
The price of nickel, used to make stainless steel and batteries for electric vehicles, jumped two-fold to breach the $100,000-a-tonne mark on Tuesday amid concerns about sanctions on Russia.
The price of nickel, used to make stainless steel and batteries for electric vehicles, jumped two-fold to breach the $100,000-a-tonne mark on Tuesday amid concerns about sanctions on Russia.