Absolutely agree on copper, wonderful supply-demand dynamics and high barriers to entry, why waste any capital propping up the hodge podge crappy assets that are Nickel West when you can deploy that capital into copper. I can see copper overtaking IO in terms of earnings on a consistent basis in the years ahead. Not so keen on Potash, not impressed by the predictions on returns on capital so far, although they it does appear to be a very long life asset.
Ann: Half Year 2024 Exceptional Items Update, page-18
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