Prices for tires about 3.5 meters (11 feet) across, used on the Caterpillar Inc. trucks that haul iron ore and coal, have touched $100,000 on the spot market, according to Leighton Holdings Ltd., a contractor for mining companies including BHP Billiton Ltd. and Anglo American Ltd. Prices rose as high as $150,000 in 2008.
That compares with contract prices of about $30,000, according to Roesler Tyre Innovators GmbH, which retreads so- called off-the-road tires. Demand from China, the world’s biggest metals buyer, drove copper, iron ore, gold and coal to records this year, forcing companies to compete for the equipment and labor needed to mine them.
“We fear the situation will become as tight as in 2007,” Paul Roesler, managing partner of Dortmund-based Tyre Innovators, said by phone from the company’s Perth office, citing Michelin & Cie and Bridgestone Corp. as major suppliers. “We see tight tire supply and high prices become a challenge for mining companies again but we think that the large players have prepared for this and have better contracts with suppliers and have improved stock.”
‘Just Exploding’
Demand for mining tires is “just exploding,” according to Titan International Inc. Manufacturers are reporting full order books for off-the-road tires for the next 18 months and alerting customers to the risk of shortages this year, according to Global Markets Perspectives Ltd.
“Where we need to expand rapidly or where we have a new project, then we have to source tires on the spot market like everyone else,” said Christian Sealey, a spokesman at Sydney- based Leighton, Australia’s biggest builder, in a telephone interview. “In those situations we’re finding some inflation.”
The last time tire prices surged was during the mining boom before the global financial crisis. Barrick Gold Corp., the world’s largest gold producer, said in January 2008 that it paid as much as $60,000 a tire for its largest vehicles, while some sold for as much as $300,000 in Internet auctions. The tire drought left companies such as De Beers, the world’s biggest diamond producer, unable at times to use new trucks.
The Porsche 911, including tires, costs $91,450, the carmaker says on its U.S. web site, while the median price in the first quarter of a previously owned condo in Miami-Fort Lauderdale was $79,200, according to the National Association of Realtors.
Market Tightening
“There seems to be a tightening of the market,” Lyndon Fagan, an analyst at Royal Bank of Scotland Group Plc, said by phone Sydney. “There are comments there’ll be a wait for tires.”
In Australia, the world’s biggest exporter of iron ore, coal and alumina, there are a record A$174 billion ($183 billion) of minerals and energy projects at an advanced stage of development, according to government forecasts last month. Rio Tinto Group, the No. 2 exporter of iron ore, is planning a $14.8 billion expansion to double output in Western Australia’s Pilbara region to 333 million metric tons by 2015.
Rio is prepared, said Gervase Greene, a Perth-based spokesman for the company. “We have appropriate arrangements with long-term suppliers to ensure that these price movements don’t affect us.”
The price of tires used in Australia by Newmont Mining Ltd., partner in the nation’s biggest open-cut gold mine, increased 4 percent this year, though this was offset by a stronger local currency, said Brian Watt, a company spokesman.
“Smaller players and mining contractors will find it difficult to meet their demand because they don’t tend to have longstanding supply contracts,” said Tyre Innovators’ Roesler.
© Copyright (c) The Vancouver Sun
Read more: http://www.vancouversun.com/cars/Mining+truck+tires+more+expensive+than+Porsches+Miami+condos/5030611/story.html#ixzz1SeBPgRXB
Hey thanks man!! you are so good. I think this the perfect work.
ReplyDeleteTires Miami
IEEE Final Year Project centers make amazing deep learning final year projects ideas for final year students Final Year Projects for CSE to training and develop their deep learning experience and talents.
DeleteIEEE Final Year projects Project Centers in India are consistently sought after. Final Year Students Projects take a shot at them to improve their aptitudes, while specialists like the enjoyment in interfering with innovation.
corporate training in chennai corporate training in chennai
corporate training companies in india corporate training companies in india
corporate training companies in chennai corporate training companies in chennai
I have read your blog its very attractive and impressive. I like it your blog. Digital Marketing Company in Chennai Project Centers in Chennai
This means buying mining truck tires will be a more sensible as an investment than buying stocks and condos! Interesting.
ReplyDeleteServiced apartments pattaya
No other building offers that extravagance. Additionally every unit in the Metropolitan apartment suite building is a corner unit, all have incredible perspectives.
ReplyDeletehttp://condosbroker.com/
For 2010, San Diego lodging will remain a dangerous arrangement that will again be overwhelmed by government mediation. Until both the Federal and State governments escape the lodging market, a genuine base won't happen, in this way San Diego lodging qualities will keep on declining admirably into the following year. http://ramcolb.com
ReplyDeleteVery informative and impressive post you have written, this is quite interesting and i have went through it completely, an upgraded information is shared, keep sharing such valuable information.tires review
ReplyDeleteThere are likewise various feasting and shopping places which keep the city alive. There are various apartment suites being built always, so finding a townhouses is not an exceptionally troublesome undertaking.mcitycondosdeal.ca/floorplan-and-prices/
ReplyDeleteMoving rare and irreplaceable objects such as fine arts, demands skills of exceptional order and experience. That is the reason why moving precious and rare object d'art, rare arts and museum exhibits calls for professional moving services specifically experienced in the task of moving such objects. vinyl fencing
ReplyDeleteThank you for nice writing. Michelin is a good tire brand for truck i think so. But I prefer Westlake Tire for light weight truck.If you are interested then click here to read my post.
ReplyDeleteI found so many interesting stuff in your blog especially its discussion. Really its great article. Keep it up. construction Tires
ReplyDeleteVery useful post. This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. Really its great article. Keep it up. https://www.eliaandponto.com/michigan-auto-accident-lawyer/
ReplyDeleteThe website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface. trucking accident lawyers
ReplyDeleteYou might comment on the order system of the blog. You should chat it's splendid. Your blog audit would swell up your visitors. I was very pleased to find this site.I wanted to thank you for this great read!! MANHATTAN CONDOS FOR SALE
ReplyDeleteThis article is full of information, waiting for more like this. I have also find an article anyone can check for more information- Slip and Fall Lawyer
ReplyDeleteKaliteli escort bayanlarla tanışma fırsatı yakalamak için tıkla: ankara escort - ankara escort - ankara escort - ankara escort - ankara escort - ankara escort - ankara escort - ankara escort - ankara escort
ReplyDeleteinstagram takipçi satın al - instagram takipçi satın al - tiktok takipçi satın al - instagram takipçi satın al - instagram beğeni satın al - instagram takipçi satın al - instagram takipçi satın al - instagram takipçi satın al - instagram takipçi satın al - binance güvenilir mi - binance güvenilir mi - binance güvenilir mi - binance güvenilir mi - instagram beğeni satın al - instagram beğeni satın al - polen filtresi - google haritalara yer ekleme - btcturk güvenilir mi - binance hesap açma - kuşadası kiralık villa - tiktok izlenme satın al - instagram takipçi satın al - sms onay - paribu sahibi - binance sahibi - btcturk sahibi - paribu ne zaman kuruldu - binance ne zaman kuruldu - btcturk ne zaman kuruldu - youtube izlenme satın al - torrent oyun - google haritalara yer ekleme - altyapısız internet - bedava internet - no deposit bonus forex - erkek spor ayakkabı - webturkey.net - minecraft premium hesap - karfiltre.com - tiktok jeton hilesi - tiktok beğeni satın al - microsoft word indir - misli indir
ReplyDeleteinstagram takipçi satın al
ReplyDeleteinstagram takipçi satın al
takipçi satın al
instagram takipçi satın al
instagram takipçi satın al
takipçi satın al
instagram takipçi satın al
aşk kitapları
tiktok takipçi satın al
instagram beğeni satın al
youtube abone satın al
twitter takipçi satın al
tiktok beğeni satın al
tiktok izlenme satın al
twitter takipçi satın al
tiktok takipçi satın al
youtube abone satın al
tiktok beğeni satın al
instagram beğeni satın al
trend topic satın al
trend topic satın al
youtube abone satın al
beğeni satın al
tiktok izlenme satın al
sms onay
youtube izlenme satın al
tiktok beğeni satın al
sms onay
sms onay
perde modelleri
instagram takipçi satın al
takipçi satın al
tiktok jeton hilesi
pubg uc satın al
sultanbet
marsbahis
betboo
betboo
betboo
ucuz takipçi
ReplyDeleteucuz takipçi
tiktok izlenme satın al
binance güvenilir mi
okex güvenilir mi
paribu güvenilir mi
bitexen güvenilir mi
coinbase güvenilir mi
instagram takipçi satın al
instagram takipçi satın alz
seo fiyatları
ReplyDeletesaç ekimi
dedektör
instagram takipçi satın al
ankara evden eve nakliyat
fantezi iç giyim
sosyal medya yönetimi
mobil ödeme bozdurma
kripto para nasıl alınır
instagram beğeni satın al
ReplyDeleteyurtdışı kargo
seo fiyatları
saç ekimi
dedektör
fantazi iç giyim
sosyal medya yönetimi
farmasi üyelik
mobil ödeme bozdurma
bitcoin nasıl alınır
ReplyDeletetiktok jeton hilesi
youtube abone satın al
gate io güvenilir mi
referans kimliği nedir
tiktok takipçi satın al
bitcoin nasıl alınır
mobil ödeme bozdurma
mobil ödeme bozdurma
Smm panel
ReplyDeleteSmm panel
iş ilanları
instagram takipçi satın al
Hırdavatçı burada
BEYAZESYATEKNİKSERVİSİ.COM.TR
SERVİS
Tiktok jeton hilesi