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A media piece on Investing News says phosphate supply outside China is becoming more attractive as China tightens pollution and mining controls. It highlights explorers Avenira and Chatham Rock Phosphate as advancing their projects.
The article is a company-promotion piece and reports no new market event.
Reduced Chinese output supports phosphate rock prices and gives non-Chinese developers a chance to supply the market. The article describes sentiment rather than a new price driver.
rockphosphate.co.nzAndrew HamiltonApr 9, 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.
