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Ann: NT Govt Land Commitment at Middle Arm for LFP Project, page-224

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  1. 5,353 Posts.
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    Quite simply the price of phosphate at the time made it not viable to produce in Australia. Operational costs in Senegal would of been far more viable at the time but given phosphate pricing was at a 25 year low it would of still been marginal to "start up".

    90% of all phosphate produced in the world goes to fertiliser production. China is the largest producer with some 85M tonnes produced annually, given the global push to be less reliant on China I think there is plenty of opportunity for AEV to find markets for the resource in phos acid production where volumes required are set to increase dramatically.

    I prefer AEV focus on this market and not the fertiliser market as there are far better growth opportunities moving forward.

    The phos acid market is growing quickly and our DSO option of 600,000T per year for phos acid production is nothing can compared to the current and forecast market size.

    How big is the phosphoric acid market?


    AttributeDetails
    Market size Volume in 202145 million tonnes
    Market size Volume by 203272 million tonnes
    Growth RateCAGR of 4.04% from 2022 to 2032
    Base year for estimation2022


    Last edited by Pezz69: 29/06/23
 
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