Commodity Prices Increase as Geopolitical Forces Constrain Supply

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The 88th State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by AF Editor Mike Antich.

🎙Today's topics include:

• The war in Ukraine is threatening to disrupt global supply chains. Russia and Ukraine are essential suppliers of raw materials and energy crucial to supply chains.

• Russia and Ukraine lead the global production of metals such as aluminum, nickel, copper, palladium, and iron. The sanctions on Russia has increased the price of these metals.

• Approximately 90% of the neon used in microchip lithography originates in Russia. Sanction impacted the export of neon, which threatens to aggravate the microchip shortage.

⏱ Timestamps ⏱
0:00 Intro
0:50 The War in Ukraine’s Threat to Global Supply Chains
2:35 Russian Sanctions Increase Metals Pricing
7:20 Use of Neon in Microchips
 

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Originally posted on Automotive Fleet