
Aguia Resources won a three-year court case that removes the regulatory barrier to its Três Estradas rock phosphate mine in southern Brazil. The company expects first production and cash flow in 2025 after the court rejected challenges to its 2019 license.
New Brazilian rock phosphate supply expected in 2025 could ease phosphate tightness over time, though the effect on near-term prices is limited.
Not enough comparable past events yet for a historical read.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.