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By The Associated Press
The Associated Press contributed to this report. 

Mining industry hit with high tire prices

 

April 23, 2006



A worldwide shortage of industrial tires is pushing up costs for Alaska's mining industry, just as soaring metal prices are fueling the sector's resurgence.

The fast-growing economies of China and India combined with demand from the U.S. military and mining companies has led to a shortage of big tires, which costs tens of thousands of dollars.

The shortage will likely continue for several yea...



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