Commodity Prices Increase as Geopolitical Forces Constrain Supply

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.

This episode is sponsored by Circle K. Learn more about the Circle K Fleet Card.

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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