Spot on.
I suspect tightening will be in reference to reduced supply out of Ukraine which supplies about 10% of the worlds kaolin and as consequence increases in prices. European customers will be looking to diversify their supply chains as Russia/Ukraine conflict looks set to drag on.
I expect we should also hear definite strategy about finance funding …. more than the general vague statements we have heard in the past.
let’s wait and see.
Ann: Company Positioning and Business Strategy Update, page-40
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