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First Phosphate is highlighted as a new player in phosphate rock, as lithium iron phosphate battery demand rises among EV makers including Ford, Volkswagen, BMW, Mercedes-Benz, Stellantis and Tesla. The article notes Moroccan phosphate rock traded as high as $320/ton in Q4 2022 and eased to about $300/ton, far above roughly $71/ton in April 2020.
Growing battery demand adds a new industrial use for phosphate, a competing claim on supply alongside fertilizer. This is mainly a stock-promotion opinion piece, so its price impact on feed inputs is limited.
streetwisereports.comPeter EpsteinFeb 23, 2023Not enough comparable past events yet for a historical read.
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.
