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Higher freight rates could push up non-ferrous transport costs
September 02, 2013 - 11:57 GMT
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.
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Euromoney Institutional Investor PLC.
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