BMW will gradually resume production at its Munich and Dingolfing plants next week after suspending production over supply chain shortages.
The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.
Aluminum jumped up to 4.8% to $3,449 a ton on the London Metal Exchange, while nickel rose to the highest level since 2011.
Commerce Secretary urges Congress to pass funding designed to boost domestic production of semiconductor chips.
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