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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

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Post by CanadianCodyon Sep 25, 2021 9:55pm
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Post# 33920090

Positive news for investors

Positive news for investors "The Chinese government is trying to do as much as they can to lower their own cost of production, Taylor says. There are whispers of export tariffs or actual bans that could create ripples into the North American market and translate into higher costs or lower availability. Fertilizer saw significant price increase in 2021 including a 50% increase for farmers in some states. Broadly speaking, with fertilizers, you might see another 25% to 40% increase in costs, Taylor says. Similar to last season, monoammonium phosphate (MAP) is going to be a much less available product than diammonium phosphate (DAP). https://www.agweb.com/news/crops/crop-production/plan-now-higher-input-costs-2022
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