Put it this way. High petrol prices will affect the broader stock market. Cost of building materials e.g. iron ore will go up and construction will slow down in response.
Cost of supplying phosphate ore will go up but there is no substitute for phosphate. Will people eat less?? Will the world population stop growing?
This is why I am bullish on ferts atm...
mt isa metals ipo prospectus out now nc, page-26
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