RE:RE:RE:RE:RBC NotesI agree with all the above. The metals cycle is somewhat independent of the fertilisers. Although I do believe we are at the beginning of a longer demand AND supply driven commodities super cycle.
On the fertiliser side, another thing to consider is that farmers (especially in Brazil, earning USD with R$ cost) are making a lot of money. Good to be selling to very cash rich costumers.
Also, similar to metals, but I would say more so in this environment, aggs / fertilisers will track inflation. So again a big positive.