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CORRECTING AND REPLACING: Ivanhoe Electric Announces Completion of ...

And jeremy, let me end on this. you and i have spoken before over the past few years about the whole supply chain chaos and how that sent the transportation costs through the roof. but eventually they came down. and now some in your industry say the prices have come down so much, it's just not sustainable. is that your view? well, i think certainly there's two factors there. one is that there's no doubt that the supply and demand squeeze was very tight during 2021 to 2022, and we saw freight rates much higher than the normal industry average. we've had a rebalancing in 2023 due to an inventory...

Time to those products. so in some cases, probably adding two or three times the cost of conventionally moving it with a point—to—point or port—to—port container shipping operation. and jeremy, let me end on this. you and i have spoken before over the past few years about the whole supply chain chaos and how that sent the transportation costs through the roof. but eventually they came down. and now some in your industry say the prices have come down so much, it's just not sustainable. is that your view? well, i think certainly there's two factors there. one is that there's no doubt tha...

Getting de—vanned out of containers, and then it's having to move by other land transport systems and that is all adding additional cost and and transit time to those products. so in some cases, probably adding two or three times the cost of conventionally moving it with a point—to—point or port—to—port container shipping operation. and jeremy, let me end on this. you and i have spoken before over the past few years about the whole supply chain chaos and how that sent the transportation costs through the roof. but eventually they came down. and now some in your industry say the price...

To other ports in the region and then that cargo is then getting deveined out of containers and then it's having to move by other land transport systems and that is all adding additional cost and and transit time to those products. so in some cases, probably adding two or three times the cost of conventionally moving it with a point to point or port to port container shipping operation. and jeremy, let me end on this. you and i have spoken before over the past few years about the whole supply chain chaos and how that sent the transportation costs through the roof. but eventually they came down...