Commodities > Agminerals

Supply dominates phosphate story

Global phosphate prices are expected to remain rangebound for the foreseeable future, as more production comes into an already-oversupplied market.

Commodities > Agminerals

Supply dominates phosphate story

Global phosphate prices are expected to remain rangebound for the foreseeable future, as more production comes into an already-oversupplied market.

Supply dominates phosphate story

At completion, the OCP project is expected to bring 4Mtpa of capacity online

Integer Research head of phosphates and NPK Ibi Idoniboye told Mining Journal that, although prices recovered during the first half of the year, it was unlikely they would move higher, as new projects ramped up and demand lagged supply.