As ICL operates in a cyclical industry, much of its value comes from the movement of commodity prices. As commodity prices will come down with easing inflation, ICL's selling prices will also come down but will get offset by higher volume. Therefore, the net effect on value will depend on an increase in volume against the price decrease.
Due to uncertain macroeconomic conditions and supply chain disruptions, the company's growth will halt in 2023 after spectacular 2021 and 2022. However, the company has a good product mix and has invested in new facilities for growth.
I am not selling.
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