Global miners brace for cost pressure from Middle East war, higher input prices

The surge in oil prices triggered by the Middle East war is rippling through global mining operations, raising costs for fuel-dependent producers and threatening to drive more punishing inflation in the long term. Platts-assessed Dated Brent crude spiked to $102.84/barrel on March 9, the highest level since Russia’s 2022 invasion of Ukraine, rising more than $31.90/b or almost 45% since the US andThe surge in oil prices triggered by the Middle East war is rippling through global mining operations, raising costs for fuel-dependent producers and threatening to drive more punishing inflation in the long term. Platts-assessed Dated Brent crude spiked to $102.84/barrel on March 9, the highest level since Russia’s 2022 invasion of Ukraine, rising more than $31.90/b or almost 45% since the US andRead More