Phosphate is a limited resource. It is a key component in IronPhospate batteries, which have become a default choice for EVs and storage batteries in the past couple years.
It's never going back to USD100, in the same way that lithium is not going back to USD6,000.
The demand from both agricultural and industrial sectors will only rise over time.
CXM Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
