2007 repeating over again. This time around there is real...

2007 repeating over again. This time around there is real concerns surrounding the ability to procure demands from existing mines.
1. Natty gas supplies from Algeria into Morroccan global phosphate superhub impacting the valueadded end of the market.
2. COVID impacting the supply chain
3. Investment in new capacity concentrated to a handful of projects leaving the trade vulnerable to COVID related iinterruptions to supply.
4. New projects in politically 'volatile' areas as redefined by the COVID experience.
5. China retaining their production.

Make no mistake, phos rock is headed back to retest all time highs. No traders or futures markets driving this just hungry farmland and farmers desperate to cash in on great grain prices.

As in 2007, only a handful of stocks for traders to grab making the jostle to position explosive. Minemakers in 2007 went from 15c to $2.90 helping by being only P junior on the ASX.