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23.03.26 - 03:03
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Glitch Shuts Australia′s Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time (ZeroHedge)
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Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time
Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient.
To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world's traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from ammonia. As we discussed in recent days, that flow has been cut to a trickle as Iran blockaded the SoH, as have vital gas supplies, causing fertilizer plants in India to shut.
Adding insult to injury, last week Yara's Pilbara plant, which uses gas to produce 850,000 tonnes of ammonia a year, suffered a power outage, damaging equipment, BoilingCold reports.
The Yara Pilbara plant produces 5% of globally traded ammonia
A spokesman for the Norwegian compan...
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20.03.26 - 14:06
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BTV Spotlights: Picard Medical, Contango, GMG, 5E Advanced, Klondike Gold, Nevada Organic, Nine Mile, FireFox, & Intrepid Metals (Newsfile)
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Watch on FOX Business News Saturday, March 14 at 5:00 PM EST and via the links belowVancouver, British Columbia--(Newsfile Corp. - March 20, 2026) - Tune into BTV-Business Television and Discover ......
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