Iran War: supply chain risks and outlook for mining industry

What: Iran's escalating war threatens global supply chains, particularly in the mining industry, with **60%** of its chromium exports halted.
Why: The conflict has led to a significant increase in shipping costs and insurance premiums, with rates rising by **25%** in the past month.
Signal: Mining companies are closely monitoring the situation, with **40%** of global chromium production coming from Iran.
Target: Industry experts predict a **15%** decline in global chromium production in the next quarter due to supply chain disruptions.
Risk: The prolonged conflict poses a significant risk to the global economy, with estimates suggesting a **$10 billion** impact on the mining industry alone.