Are the two leading players in the refrigerant industry driving a cooling revolution?

Last week, SRF and Navin Fluorine saw their shares rally sharply (16 per cent and 14 per cent, respectively) after an unexpected 200 per cent price hike in R32 refrigerant gas by US distributor IGas USA. R32 refrigerant gas is a hydrofluorocarbon (HFC) used in air conditioning and refrigeration systems, valued for its lower Global Warming Potential (GWP) and higher energy efficiency.