# Centrex to reduce Australia’s reliance on imported phosphate - Australasian Mining Review

> Centrex Metals plans to develop its Ardmore phosphate rock project in North West Queensland, targeting 800,000 tonnes per year. Australia and New Zealand import about one million tonnes of phosphate rock annually, mostly from Morocco, and shipments have been delayed by legal disputes. A June MOU with India's GSFC covers potential export of 40% of output.

- Date: 2018-08-07 · published 2018-08-07T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63852-centrex-to-reduce-australia-s-reliance-on-imported-phosphate-australasian
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

A domestic Australian phosphate source would reduce dependence on Moroccan supply over time, which is bearish for import-linked phosphate prices in the long run. Production is still years away, so the near-term effect is negligible.

## Read by commodity

- PHOSROCK: bearish ▼

## Sources

- miningreview.com.au: https://www.miningreview.com.au/centrex-to-reduce-australias-reliance-on-imported-phosphate/

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