TSXV:IFOS - Post Discussion
Post by
JimToronto on Jun 16, 2023 1:58pm
Phosphate rock in May 2023
"Phosphate rock prices continue to trade at a record high.
Morocco FOB Phosphate ore prices for 32% P2O5 remain at US$345/t in May 2023, with @worldbankdata forecasting prices to remain elevated at US$260/t in 2023 and US$240/t during 2024.
Growing food security requirements along with the adoption of #LFP batteries by carmakers, following China's lead, to reduce costs is expected to drive long-term demand for phosphate."
Commodity Markets Outlook from World Bank.
https://openknowledge.worldbank.org/server/api/core/bitstreams/6864d537-d407-4cab-8ef1-868dbf7e07e2/content
Be the first to comment on this post