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Locking Down Procurement Costs Amid Raw Material Volatility: 3 Proven Strategies
Global nickel prices swung by 42% YoY in 2023, while lithium carbonate costs fluctuated between 68,000–32,000/ton, exposing manufacturers to margin erosion. Here’s how leading OEMs stabilize procurement: Pro Tip: Combine strategies – use long-term contracts for baseline needs (70% volume) and futures for surplus requirements.
