# Explorers Move Forward as Global Phosphate Appetite Rises | INN

> Avenira advanced its Baobab phosphate project in Senegal after a positive feasibility study projecting a 1 Mtpa concentrate operation. Explorer Chatham Rock Phosphate is also advancing its project, and the article cites demand rising toward 268 million tonnes by 2024.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60410-explorers-move-forward-as-global-phosphate-appetite-rises-inn
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Supply tightness from China's pollution crackdown supports phosphate fertilizer prices, which feed into DAP and TSP costs for farmers and feed-related crop inputs.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- investingnews.com: https://investingnews.com/explorers-move-forward-phosphate-appetite-rises

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.