What Happened
Diesel And Acid Supplies Tighten Amid Conflict
The global mining industry is feeling the effects of the war in Iran, with supply chains for diesel and sulfur tightening, driving up costs for copper production. Smaller producers in Africa and Australia are starting to feel the pain, while larger companies have been able to secure supplies and absorb higher costs. The conflict’s impact on mining has barely started, according to Ivanhoe Mines Ltd. founder Robert Friedland, and the industry is already strained by mining outages and project delays, as reported by Bloomberg News.