KaMin and CADAM today announced a price increase of up to 9% on their kaolin products to all markets effective January 1, 2024, or as contracts allow.

The companies continue to be impacted by significant inflationary pressures across their global operational footprint.  Increases in mining costs, higher environmental and regulatory compliance requirements, significant increases in electricity rates in both the US and Brazil, as well as ongoing pressures in the labor market are impacting their business.  There has been some relief in export logistics costs for certain lanes, but local logistics continue to escalate in both Europe and the US.  These supply chain cost increases are also being driven by labor costs as well as longer delivery times for rail customers.

Read More at Yahoo! FInance.