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Western Sahara Resource Watch published its annual P for Plunder report, which found 19 vessels exported 1.03 million tonnes of phosphate rock worth about US$90.4 million from occupied Western Sahara in 2019. The report calls on companies to halt purchases until the conflict is resolved and urges investors to engage or divest.
The volume of phosphate rock sourced from occupied Western Sahara has roughly halved, which tightens supply options for buyers who avoid the trade. Any buyer pullback from the origin could affect phosphate rock sourcing costs, though the effect on prices is likely small.
business-humanrights.orgWestern Sahara Resource WatchApr 1, 2020Not 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.
