RE: Iodine prices2 Jul 2019 14:04
"Finncap expects the recovery to continue given steady demand growth and competitor capacity expansion problems in Chile with the result prices might reach US$30/kg in 2020.
The broker adds that management has performed an excellent job in the face of the 'brutal' industry downturn by cutting costs, improving efficiencies and honing its iodine extraction technology.
Now that market conditions are picking up, Iofina is one of the lowest cost producers globally and with better prices can generate strong profit and free cash flow going forward."
July 2019 and the Iodine price is already over the 2020 broker forecast and expected to climb higher.
Looks like forecasts will have to be upped. @23.7p offer looks a screaming buy!