03.09.2013 - Higher freight rates could push up non-ferrous transport costs
Increasing freight rates, driven by higher volumes of iron ore and coal, are likely to cause a rise in transportation costs and delivered prices for other commodities such as bauxite, alumina, copper concentrate, and nickel ore, analysts at JP Morgan said in a note on Monday September 2. This could then feed through to refined metal via cost-push pressures, the analysts said, and among the base metals, data suggest nickel especially the nickel contained in Chinese nickel pig iron production (NPI) has the greatest exposure to possible changes in ocean freight rates...............................................Full Article: Source
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