Fertiliser sector is not doing that great and articles online say that it is oversupplied until 2021. However so4 is targeting sop and that is one area that is doing well. Phosphate is used in lithium batteries for buses and even that is not showing good price movement. What the market doesn’t realise is that these guys have a shed load of magnesium and they can possibly replace lithium batteries as kll and vrm have talked about magnesium battery technologies. Toyota has looked into mangnesiun batteries but not enough supply of magnesium. Even the owners of the biggest lithium deposit have been told to develop their magnesium deposit first over their lithium deposit.
SO4 Price at posting:
53.0¢ Sentiment: None Disclosure: Not Held