USA is a large producer of RP with a fair bit of it
being mined at 15% P205 so the beneficiated cost per
tonne will be quite high.
You have to also remember that cost of RP did nothing
for 20 years until recently so if you look inflation
over that period RP in real terms has not increased
much.
I expect RP prices going forward will be strongly
alligned with world food prices for which there is
a very bullish case to be made.
bby, page-80
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