Copper … gold … coal? EMR Capital’s Owen Hegarty tells us why potash is one of his four pillars
If any investors needs a reminder that narrative can be just that, take a look at the ASX potash sector.
Five or so years ago the gaggle of stocks planning to turn WA and the NT’s fertile salt lakes into nature’s fuel for Asia’s growing food bowl was on a high.
The theory went thusly: The global middle class was on an unstoppable growth trajectory and with that came higher demand for foods previously viewed as luxuries.