RE:RE:RE:RE:Project updatePoint taken, tweezer. To be honest, I hadn't been following how much phosphate prices shot up since last year. Some comments on the phosphate price:
- A large part of the price increase is due to the higher cost of production, not to mention building new mines. So previous cost of production estimates may be out the window. (Note that some existing producers have been struggling, eg IFOS.)
- Another big part of the price increase is geopolitical events. Possibly fertilizer investors expect some of the increase to be reversed (as in previous peaks) as events unfold.
- Morocco alone sits as basically the OPEC of phosphate. They can essentially manipulate prices to maximize their own profit without encouraging competitors to build new mines.
And a specific comment on DAN. Possibly some people are saying, if the current phosphate price is not enough to attract investors, then maybe the project is fatally flawed and will never happen in our lifetimes.