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Africa Intelligence reports that Morocco's OCP, the world's largest phosphate exporter, plans to mine phosphate in Ethiopia. The article is brief and describes the project as upcoming.
No volumes or timelines are given in the text.
Future Ethiopian output would add to long-term phosphate supply, but it is too distant to move current prices.
africaintelligence.comFeb 22, 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.
