Grace Donnelly writes in Morning Brew on the impact that steel prices could have on renewable energy.
- The war in Ukraine has strained supply chains and driven up the price of important materials.
- Russia is one of the largest producers of nickel, which is a critical ingredient for EV batteries that is seeing a surge in costs due to sanctions.
- Steel is also seeing record-high costs, which could slow down the buildout of clean technologies in the near term.
Read the full article here.