A global explosives’ shortage, intensified by the war in Ukraine, has forced ASX-listed Orica into direct competition with governments and defence contractors for TNT – a critical input for its mining and infrastructure operations.
Sanjeev Gandhi, chief executive of Orica, attributed the escalating scarcity to heightened military demand – particularly following the loss of Ukrainian supply – saying Orica was at times “running hand to mouth” to fulfil orders in North America.
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