Local 12: Russian invasion drives up metal prices
UC supply chain expert says Russia is a major supplier of nickel
Restaurants and breweries anticipate they’ll soon have to raise prices as Russia’s invasion of Ukraine is driving up the price of metals, Local 12 reported.
Nickel is a key ingredient in the production of stainless steel, which is used in a wide range of items including kitchen sinks, cutlery, cookware, brewing equipment, kegs and more.
Russia is a leading producer of nickel, and supply chains from the country have been disrupted as a result of Russia’s attack on Ukraine.
“In terms of metal prices, nickel is up 30% this year. Russia is the largest producer, producing roughly 10% of the world’s supply of nickel, and nickel is a key ingredient in stainless steel,” said Chuck Sox, associate dean at the University of Cincinnati's Carl H. Lindner College of Business.
Featured image: UC supply chain expert Chuck Sox. Screenshot courtesy of Local 12 video.
Related Stories
Honda has invented an AI heads-up about potholes and road hazards
January 29, 2026
National transportation writers highlight a UC research project with Honda and the Ohio Department of Transportation to use vehicle sensors and cameras to monitor road conditions and prioritize repairs.
GALLERY: See photos from Moveable Feast 2026
January 28, 2026
View photos from Moveable Feast: Illuminate, presented on Jan. 23, 2026, at UC College-Conservatory of Music. Hosted by CCMpower, the fundraising gala raised more than $140,000 for student scholarships.
UC professor discusses alleged TikTok censorship
January 27, 2026
CNN turns to University of Cincinnati Professor Jeffrey Blevins to explain why censorship by social media companies paradoxically is permitted under the First Amendment.