Phosphate rock capacity is expected to exceed demand growth, and there remains a risk that an oversupply situation.
Upcoming capacity projects and the availability of resources are more than adequate to meet growing demand in the longer term. from here i dont see prices to picking. Only economy recovery will a bit help for the prices to stay at this level.
For MAK 2010 will be hard time because prices will not rise.
phosphate rock outlook
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Mkt cap ! $29.74M | |||
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