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Originally Posted by SUBMAN1
Quote:
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Originally Posted by August
I'd think that at least part of the price increases for iron ore has to be due to increased fuel costs for recovery and transportation.
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Actually no. Demand in China and other manufaturing countries upped this price. Oil was not consummed in the same massive demand, so it can't be traced here.
-S |
Huh?
It stands to reason that if your fuel costs rise that will be reflected in the price of your product, in this case iron ore. It doesn't just arrive at the processing plant on it's own you know...