Because they could be about to get a whole lot more expensive.

Prices for metals used in carmaking are soaring as traders worry that Russian supplies could be interrupted, though they aren't, yet, the subject of sanctions.

The country supplies over 40% of Germany's nickel and titanium, and is a big producer of iron ore.

On Tuesday (March 8) the price of nickel, used to make stainless steel, hit a record 100,000 dollars per tonne.

The London Metal Exchange took the rare step of halting trading amid wild price gains.

Prices for other key metals including palladium, used in catalytic converters, are also at all-time highs.

One U.S.-based parts supplier told Reuters he's already had to raise his prices as a result.

Stellantis chief executive Carlos Tavares also gave a warning.

He said the rising cost of raw materials and energy is going to put pressure on the firm's business model.

Meanwhile, VW and BMW face shortages of parts normally produced in Ukraine.

It all comes at a time when automakers were already struggling with a shortage of computer chips.

The silicon drought has reduced the supply of new cars, and pushed up prices for buyers.

Industry analysts say the average buying price for a car in the U.S. is up by almost a fifth over the past 12 months.

This year's sticker shock could be even worse.