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Kropz expects first phosphate ore from its 74%-owned Elandsfontein project in South Africa by the end of 2019 and plans to reach one million tonnes a year in 2020. The phosphate price has recovered to about $95/t, and the project has cost about $120 million to develop.
Added phosphate rock supply from 2020 could cap price gains, although demand growth is expected to keep the market balanced over the longer term.
miningweekly.comMarleny ArnoldiFeb 1, 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.
