Tight tire supply has miners burning rubber

Newswire

By Pav Jordan SANTIAGO, Chile, May 25 (Reuters) - At some $50,000 a pop, blowing a tire on a monster mining truck is expensive. In an industry where new tires are scarce, it can hurt production plans, especially for operators without stockpiles. Global miners are facing a critical shortage of the gigantic tires they use, which is affecting efforts to extract as much metal from the ground as quickly as possible to take advantage of soaring metal prices, suppliers and producers said at a ...

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