PEA sulfur prices and production Sulfur prices: $94.84 Q1 2024, $103.19 Q2 2024, $128.47 Q3 2024; 128.6 in 2023, $344.42 in 2022, $182.74 in 2021. PEA produces around 0.5 million tons of sulfur annually, a big sulfur producer in Canada with about 10% market share. 80% of its sulfur is sold at $6 per ton under long term contract until the end of 2025. PEA will sell its sulfur 100% at spot price from January 1, 2026. Using Q3 sulfur price of $128.47 per ton, the difference to PEA is ($128.47 - $6) x 0.5 x 80% = $49 millions, which will significantly impact on PEA with only $69 millions market cap. Sulfur has increasing usage in green energy push: use for sulfuric acid production in exacting of copper, nickel and lithium ore besides its major use for fertilizer production.