National Fertilizer Plan and LFPNational Fertilizer Plan in Brazil “
National Fertilizer Plan: By 2030, the government envisions at least five auctions of mining areas for phosphate fertilizers. The National Strategy also outlines plans for an addition of two phosphate fertilizers and raw materials producers in new mining areas by 2030, totaling seven producers and increasing that number to 10 by 2040. The goal is to increase phosphate rock exploration by three percent each year through 2030, and by two percent each year until 2050. Brazil intends to enhance its phosphate rock production to reach 27 million tons per year by 2050.”
https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Brazil%20Agriculture%20Seeks%20Remedies%20for%20Potential%20Fertilizer%20Disruptions_Brasilia_Brazil_BR2022-0017.pdf “The initiative designed by the federal government outlines five strategic objectives:
to modernize, REACTIVATE and expand existing fertilizer plants and projects in Brazil”……
https://globalfert.com.br/noticias/mercado/plano-nacional-de-fertilizantes-preve-reducao-drastica-de-importacoes/ Switch to LFP Electric vehicle maker Rivian ” is following in the footsteps of Tesla and several Chinese automakers by adopting LFP battery cells for its standard-level battery packs.”
https://www.cnbc.com/2022/03/10/rivian-changing-battery-cells-to-lfp-following-tesla-and-high-nickel.html The Impact of Nickel Price “the London Metal Exchange
suspended nickel trading on Tuesday morning after three-month contract prices more than doubled to over $100,000 per ton……Not all EVs will be affected. ……LFP technology received a visibility boost in the U.S. when Tesla
began using LFP batteries ……with nickel prices skyrocketing, we may — once again —
see major global automakers following Tesla’s lead”
https://www.cnbc.com/2022/03/08/nickel-price-surge-could-threaten-automakers-ev-plans.html