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Chatham Rock Phosphate completed its merger with Avenir Makatea and is advancing business plans, including a planned acquisition of a near-production permitted phosphate project in Australia. The company reports rock phosphate prices rose from $276 to $334 per tonne and TSP from $337 to $550 per tonne over six months.
Rising phosphate rock and TSP prices reflect tight phosphate supply, which raises fertilizer costs for crop producers and can feed through to grain input economics. The item is company-promotional and adds little new market-moving information.
oceanmining.newsPoseidonJul 26, 2021Not enough comparable past events yet for a historical read.
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.
