From Mar '21 - Sept '21 the price of Rock Phosphate has increased from US$96 - US$149 and supply continues to be in high demand even before the EV market starts sucking up supply as they have done with Lithium.
AND this .......... China expected to stop phosphate exports, food production prices set to rise ABC Rural / By Lucinda Jose and Angus Verley Posted Fri 1 Oct 2021 at 12:10pmFriday 1 Oct 2021 at 12:10pm, updated Fri 1 Oct 2021 at 12:25pm Chinese phosphate fertiliser producers are expected to stop exporting for more than six months Already high prices of important fertilisers are likely to increase.
Perfect storm brewing.
MNB Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
