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Exchange rate is going down!

Exchange rate is going down!

Mar 14, 2022

The Euro has joined the dollar in the 6-character range against the RMB and really its a new record low for the euro since it was officially circulated over a decade ago.

Affected by the situation between Russia and Ukraine, there have 2 important points should be attention to know,


A. Russia accounts for approximately 6% of global aluminium production and 7% of global nickel production. The situation is tense, increasing the supply risk in the market, and aluminium and nickel prices have risen sharply. Raw materials such as aluminium and nickel rose and the cost of enterprises rose.


B. Exchange rate fluctuations have increased and costs are difficult to account for.


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