# First Phosphate Focused On Soaring LFP Battery Demand

> 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.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37647-first-phosphate-focused-on-soaring-lfp-battery-demand
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- streetwisereports.com: https://www.streetwisereports.com/article/2023/02/23/first-phosphate-focused-on-soaring-lfp-battery-demand.html

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