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Kropz says the Elandsfontein project remains on track and within budget for commissioning in December 2021, with first phosphate rock ore exports expected in Q1 2022. Pre-commissioning and cold commissioning are under way, and a Hinda feasibility update is due in January 2022.
New phosphate rock output from Elandsfontein adds supply to the market, which is a modest bearish factor for rock prices if it starts on schedule.
Not 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.