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Chinese company China Molybdenum's Brazilian subsidiary Copebras will no longer buy phosphate rock from occupied Western Sahara, according to the company's investors. The company described the earlier shipments as a one-time incident.
Western Sahara Resource Watch had tracked trucks carrying the cargo from the port of Santos to a Cubatão industrial site.
The purchase halt is a small, company-specific change in phosphate rock sourcing with little effect on overall supply or prices.
wsrw.orgOct 14, 2021Not 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.
