# Phosphate concerns drive Chinese battery investments in Morocco

> Chinese battery makers Gotion High Tech, Sichuan Yahua and Guangzhou Tinci are investing in Morocco to secure phosphate for lithium iron phosphate battery cathodes. Morocco holds about 70% of known global rock phosphate reserves. The article notes that concerns over phosphate access are driving these investments.

- Date: 2023-08-04 · published 2023-08-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34917-phosphate-concerns-drive-chinese-battery-investments-in-morocco
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Battery-driven demand for phosphate competes with fertilizer uses and could keep phosphate rock prices firm, adding cost pressure for fertilizer buyers.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- source.benchmarkminerals.com: https://source.benchmarkminerals.com/article/phosphate-concerns-drive-chinese-battery-investments-in-morocco

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.