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Centrex Metals received further fertilizer conversion test results from KemWorks on phosphate rock concentrate from its Ardmore project. The company plans to ship the low-cadmium rock from Townsville to Australia and the region, targeting imports used for single superphosphate.
Australia and New Zealand import about 1 million tonnes of phosphate rock a year, so a local supply source could shift some trade flows, but the volume is small and the price effect is limited.
worldfertilizer.comDavid RowlandsJul 9, 2018Not 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.
