
Manchester Chronicle 🐝
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Manchester Chronicle 🐝
@WithyGrove
Not the Manchester Evening News. Alternative business, politics and football 24/7 ⚽️


Priests in Israel report a sharp increase in incidents of Orthodox Jews spitting in Jerusalem


WHY FERTILIZER STOCKS ARE EXPLODING: ITAFOS POSITIONED FOR MASSIVE GAINS - $IFOS.V Middle East chaos has slammed global fertilizer markets harder than anything in decades. 30-35% of world urea exports, 22% of DAP and MAP, and 45% of traded sulfur are now blocked behind the Strait of Hormuz. Europe gas prices are high, India banned ammonia and urea exports, and China’s phosphate shipments hang in the balance. While the world scrambles for supply, one company is completely protected and ready to capitalize. THE SUPPLY SHOCK NO ONE SAW COMING ➡️ 20 million tons of urea and 4.3 million tons of ammonia are stuck, crippling India, Pakistan, Europe, and China. ➡️ Phosphate producers worldwide expected cheap sulfur in Q2 but now face shortages that could slash operating rates. ➡️ CEO David Delaney calls it far worse than the 2022 Russia-Ukraine crisis, with real risk to global grain and oilseed yields. THE TEMPORARY Q1 HIT EXPLAINED ➡️ Sulfur is a global commodity — Hormuz closure sent spot prices surging toward $1,000/t and pulled North American prices sharply higher in sympathy. ➡️ Itafos revenues rose 5% on higher product prices, but adjusted EBITDA collapsed 53% to just $18.4M because sulfur and sulfuric acid costs rose faster. ➡️ Stock fell 25-30% after earnings — exactly the reaction to the input-cost squeeze. THE CONTRACT FIX THAT CHANGES EVERYTHING ➡️ May 14 amendment to the Rio Tinto sulfuric acid deal extends to 2029 with a new capped pricing index. ➡️ Directly blunts future volatility — management’s clear response to the exact problem that hurt Q1. ➡️ No physical supply risk from Hormuz. ITAFOS REMAINS GEOGRAPHICALLY AND OPERATIONALLY BULLETPROOF ➡️ Flagship Cond asset in Idaho sources ammonia from Canada, sulfuric acid from Utah, sulfur from Canada. ➡️ Highest utilization rates and superior margins versus larger North American peers. ➡️ Over $500 million operating cash flow in four years, balance sheet cleaned to near-zero net debt. GROWTH CATALYSTS FIRING ON ALL CYLINDERS ➡️ New mine fully operational since Q4 2025, extending life through 2037 with aggressive summer drilling for decades more resources. ➡️ Brazil Aras turned from care-and-maintenance to $13M EBITDA in 2025 — SSP production restart planned for 2027 in a market importing 85% of phosphate. ➡️ Magnesium project on track for 2027 plus undeveloped upside in Brazil and Guinea-Bissau. THE BOTTOM LINE The Q1 sulfur shock was real, painful, and now fixed with a stronger contract while the global phosphate shortage keeps driving product prices higher. Itafos emerges with protected margins and multiple growth levers in the strongest market setup in years. This is the rare dip that smart money buys before the catch-up rally begins. $IFOS.V #Itafos #IFOS #PhosphateCrisis #FertilizerShortage #SulfurSpike #EarningsMissOpportunity #AgInvesting


🔥Golders Green fire - Blaze breaks out at Kosher supermarket in north #London 📌100 firefighters & ten engines have been called to the blaze at #KosherKingdom 📌The brigade said it received the first of 56 calls at 6.47 am on Wednesday and had sent crews from Finchley, Willesden, West Hampstead and surrounding fire stations to the scene – including a 32-metre turntable ladder.






SECRETARY RUBIO: The straits have to be open. What’s happening there is illegal. It’s unsustainable for the world and it’s unacceptable.



MORE THAN 40% OF GERMANY’S YOUTH HAVE MIGRANT BACKGROUNDS More than 40% of young people in Germany are children of migrants. In many major cities, more than half of all children and teenagers already come from migrant backgrounds, including Turkish, Syrian, Afghan, Ukrainian, and others. According to Destatis, the nationwide figure among young people has reached 42–43%, while in some districts of large cities it already exceeds 70%.











