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Morocco is diversifying its mining sector beyond phosphates under a revamped regulatory framework and new promotion efforts. Mining accounts for about 10% of GDP and 20.9% of exports, with phosphates making up roughly 90% of extraction.
This is a long-term structural story about Morocco's mineral strategy, with no immediate impact on phosphate supply or prices for feed and fertiliser buyers.
oxfordbusinessgroup.comOBG AdminMar 18, 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.
