It has to be a short term issue if pricing stays where it...

It has to be a short term issue if pricing stays where it is.

MIN's spod production costs are in the $400-500's.

AJM and PLS would be much higher (considering debt) until they can stabilise production but they still have a challenge of servicing a whopping large interest rate in the case of AJM

A40 will struggle too - their silver bullet is that the Bald Hill resource could be substantially bigger in size.

A bunch of US spod producers have already shut down.

A lot of new supply is just not coming on anymore.

ALB/MIN sound like they will slow Wodgina down.


Supply and Demand will reach a new base as the market no longer looks appealing to new spod entrants. New spod plays will struggle to get funding and develop.