also there is a recap of the CRU phosphates 24 presentations in...

also there is a recap of the CRU phosphates 24 presentations in the ESPP newsletter here:
https://www.phosphorusplatform.eu/images/scope/ScopeNewsletter151.pdf

key take aways:

Demand for lithium iron phosphate for LFP battery cathodes is expected to increase considerably, with challenges for phosphoric acid purification capacity, but will only represent only around ten per cent of phosphate rock consumption

Demand for technical phosphates for LxFP battery cathodes is expected to multiply by around 7x from around 0.3 MtP/y to around 2,3 MtP/y by 2035 (compared to around total 20 MtP/y extracted from mined phosphate rock)

Lithium iron phosphate can be manufactured by two routes: via technical MAP (mono ammonium phosphate), a legacy route which is in decline, or from purified phosphoric acid (PPA). This is expected to lead to tightness in global supply of PPA.

On the other hand, China is building considerable capacity for lithium iron phosphate production and is expected to have in coming years >80% of world lithium iron phosphate production capacity (down from nearly 100% today). This capacity looks likely to considerably exceed expected demand.

Joe Garofoli, Roc Global, which provides capital raising and advisory services to power, energy, and natural resource companies. considers that investors can be reluctant to invest in phosphate mines and processing because the market is unstable. This is because of current domination of the global
market be a few suppliers and because prices and supply are largely influenced by national policies rather than market trends. Also, investors are not familiar with the industry and it has poor historical performance (cyclical market). Outside China, the industry is hampered by lack of government support and slow permitting.