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Incitec Pivot plans to close its Gibson Island fertiliser plant in Brisbane at the end of 2022, citing an unviable long-term gas supply. The plant produces ammonia, urea and ammonium products, and the closure affects up to 170 jobs.
Closing a major Australian nitrogen plant reduces local urea and ammonia supply just as natural gas costs are at historic highs, tightening regional fertiliser availability and supporting prices.
abc.net.auMatt BrannNov 12, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
