hard to say and i personally wouldn’t bet anything on making price forecasts.
it’s still important to note where global costs curves sit. I haven’t checked in a while as this sector has been in my set and forget folder - but we should be pushing into the top end of the cost curve at the moment.
last time we were at these prices ($180) around 7% of Global Production was teetering on loss making.
hard to say and i personally wouldn’t bet anything on making...
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