Yeah CC, like MR Gann says there's a fair bit more to the story than just those numbers.
China effectively ending any exports and a net importer.
Russia rumoured to be heading the same way and to introduce an 8.5% export tariff on phosphate.
US production falling with high grade deposits virtually mined out. They have a massive amount of extremely low grade (sub 15%) deposits.
Russia rumoured to be heading the same way and to introduce an 8.5% export tariff on phosphate.
Demand increasing exponentially and available supply is decreasing massively with China going offline. The world is starting to wake up to the fact that phosphate is valuable stuff and countries are holding on to what they've got.
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