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Investing News NetworkYour trusted source for investing success 4 May 2023
PHOSPHATE INVESTING9 Phosphate Stocks to Watch (Updated 2023)

The phosphate market is expected to witness a compound annual growth rate of 4.1 percent between 2022 and 2031 to reach US$35.6 billion. Driving this growth will be increasing pressure on global food supply brought on by rising populations and climate change, as well as inflation and downstream costs. Phosphate is also increasingly becoming a sought-after battery material for the electric vehicle industry.

Avenira (ASX:AEV)Company ProfileMarket cap: AU$17.44 million
Avenira owns the Wonarah phosphate project in Australia’s Northern Territory.
The site is considered one of the largest-known phosphate deposits in Australia, with measured resources of 64.9 million MT at 22.4 percent phosphorous pentoxide, indicated resources of 133 million MT at 21.1 percent phosphorous pentoxide and inferred resources of 352 million MT at 21 percent phosphorous pentoxide.
Avenira’s Wonarah project has the potential to supply high-grade phosphorous to the agriculture sector. Offtake negotiations are progressing with regional fertilizer producers.
Avenira is another phosphate company looking to supply the material to the LFP battery market in addition to the fertilizer industry. In early March, the company released a scoping study for an LFP cathode manufacturing project".