The importance of mining to the world should not be underestimated. Metals extracted from the ground are used in buildings, cars, airplanes, jewelry and household products. Another key aspect of the metals industry is that regions where minerals are mined are not necessarily those regions in which they are used.
With specialized product characteristics and logistics needs, mined commodities are particularly exposed to transportation and logistics costs. This is because logistics frequently makes up a significant – often majority – portion of the delivered sale price. While this can present some risk for mined commodity businesses, for OEM clients, it actually represents an opportunity to turn logistics into a competitive advantage.
Mineral and Agricultural commodities, include:
- Frac sand
- Industrial sand
- And much more…