Russia is the world's biggest exporter of nickel, accounting for 8% of world exports. Sanctions will greatly reduce the amount it can supply the world, shortages can be expected.
Nickel, obviously, is crucial to future world EV growth; & lithium battery general storage. The West/democratic countires will need to secure their critical metals for renewable energy supplies- & Russia won't be trusted for a very long time.
The strategic changes, re increasing CESSATION of trade with Russia, outlined in the link below, will benefit CTM in the medium & long term.
bbc.com A. Little 18.3
Little said"But his (Putin) biggest miscalculation has been to underestimate the resolve of the West.
Almost overnight, Germany has transformed its attitude to its role in the world. Traditionally reluctant - for sound historical reasons - to throw its weight around, it had preferred the exercise of soft power to hard. Not now. It has announced a doubling of defence spending, and is sending lethal weapons to Ukraine. Gone, too, is the ostpolitik - the decades-old German policy of seeking peace through engagement, especially trade.
Germany, along with the rest of the democratic world, will now move to end its dependence on Russian gas. The Nord Stream 2 project is suspended - though not yet scrapped. We are seeing a root-and-branch redrawing of the map of global energy distribution, aimed at cutting Russia out of it.
Russia is highly integrated into the global economy. But now it has been expelled from the system the world uses to exchange payment for goods and services. Its industries, including oil and gas, depend on imported goods and components. Soon production will grind to a halt. Employers will have to lay off their workers. Unemployment will rise".
https://www.bbc.com/news/world-europe-60767454
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