Post by
Sogosohubidu201 on Dec 06, 2024 1:13pm
Updated PEA.TO Sulfur Price
Updated selfie prices: $202.39 ($143 USD) November 39, 2024, $128.47 Q3 2024, $103.19 Q2 2024, $94.84 Q1 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 ores as well as uranium in situ extraction besides its major use for fertilizer production.
Comment by
Sogosohubidu201 on Dec 06, 2024 1:16pm
Typing errors: sulfur instead of selfie, November 30, 2024 instead of November 39, 2024.
Comment by
downwithdotcom1 on Dec 06, 2024 4:12pm
don't sweat the minor typos-it great to read factual posts as opposed to some of the SNAKEOIL drivel from certain individuals as of late...dwdc