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Algeria's Eastern phosphate cluster in Tebassa has run into setbacks, with no bidders responding to government tenders for the construction phase. Completion of the Annaba fertilizer plant and the Guerbes desalination plant may be delayed, and the project could fail to finish.
Delays to a planned large phosphate project would keep future Algerian fertilizer supply off the market, a minor supportive factor for phosphate prices.
moroccoworldnews.comTamba KoundounoMay 24, 2019Not 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.
