# It's Full Speed Ahead at Chatham Rock and Avenir Makatea - Ocean Mining News

> 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.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46371-it-s-full-speed-ahead-at-chatham-rock-and-avenir-makatea-ocean-mining-news
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

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.

## Read by commodity

- TSP: bullish ▲
- PHOSROCK: bullish ▲

## Sources

- oceanmining.news: https://oceanmining.news/2021/07/26/its-full-speed-ahead-at-chatham-rock-and-avenir-makatea/

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