Soaring freight costs disrupting minerals, metals trade
Published: Thursday, 12 November 2020
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.
The combination of fewer vessels on the water, an imbalance
in trade flows to and from China, along with competition
between cargoes, has kickstarted a rapid increase in shipping
costs, making it harder for sellers to offer and for buyers to
assess final prices.
One of the main routes affected...