BMO Commodities Analyst Helen Amos and Joel Jackson, Equity Research Analyst, Fertilizers and Chemicals, BMO Capital Markets, discuss disruptions to fertilizer supply chains stemming from the Iran conflict. Nitrogen and sulfur prices have already seen huge gains (phosphate prices are rising too) with seemingly little slack in the system for a supply response to plug the gap.
They discuss how this compares in scale with the onset of the Russia/Ukraine war in 2022, and what this means for mining operations dependent on sulfuric acid for leaching and ammonia nitrate for explosives.
Check out the full conversation:
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