Surging freight rates in Asia push mineral shipping costs higher

By Yoke Wong
Published: Tuesday, 25 April 2017

Rising freight rates in Asia continued to lift transportation costs for a number of industrial minerals from China, with buyers telling IM that vessel space is limited despite the higher cost.

Surging container freight rates in Asia amid reduced vessel supply are pushing costs upwards in April, a number of industrial minerals buyers told IM.

As China is one of the largest industrial minerals suppliers, the higher freight rate has contributed to an increase in cost across a number of minerals,...

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