Strait of Hormuz is chokepoint for sulphuric acid and critical metal processing
The Middle East accounted for around 24% of global sulphur production at 83.87 million metric tons last year; including 50% of seabourne trade of sulphur — which must be exported via the Strait of Hormuz. Sulphur is essential to sulphuric acid which, in turn, is essential to processing critical minerals, including copper and nickel. And, the sulphuric acid market was already tight before the […]
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