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Grupa Azoty Police signed a trilateral contract on 5 February 2019 with Ameropa AG as seller and Somiva SA as producer for low-cadmium phosphate rock. The deal runs until February 2021 and has an estimated value of about $64 million.
Somiva's Senegal mine is the source, and the buyer cites expected EU cadmium limits as the reason for the purchase.
Securing low-cadmium rock ahead of possible EU limits signals rising demand for compliant phosphate supply, which supports premium pricing for quality rock.
worldfertilizer.comRobyn WainwrightFeb 11, 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.
