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Kropz says its Elandsfontein phosphate project in South Africa remains on track and within budget for commissioning in the fourth quarter of 2021. Transnet has said capacity at the Port of Saldanha is not available, so it has offered Cape Town as an alternative at higher transport cost.
Export logistics constraints and higher freight costs could limit how much new phosphate rock reaches the market, while the project itself adds future supply.
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.