Mining industry hit with high tire prices
Last updated 4/23/2006 at Noon
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 years...
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