Ann: Annual Report to shareholders, page-3

Shares in IPI, MOS & CMP in the US are some way from their 9 year highs but are 2-6x early 2020 levels.
The WA SOP stocks are completely disconnected with new producer KLL offering no advantage over less developed peers.
The lack of movement in the local sector is in complete contrast to the 2008 boom and the 2012 BHP/Potash Corp boom.
Locally IPL has outperformed the WA SOP stocks.