Markco2 - a very interesting question about the future supply.
Incitec Pivot's presentation at the Credit Suisse Asian Investment Conference points to "a fundamental shift in the value of phosphate rock", and highlights the following on page 21:
"Limited planned new capacity additions to Phosphate Rock capacity"
and
"4-year lead-time for new capacity in an increasing capital cost environment"
You can find the presentation on the ASX site under IPL's news releases today.
The document points to an increasing demand environment.
Time to buy!
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