Phosphate Overview
Phosphate is an essential fertiliser commodity for food and biofuel production and the surge in world demand is expected to be maintained, promising a sustainable higher market price threshold in the future.
Phosphate rock is a non-renewable resource that takes 10-15 millions years to form from seabed to uplift and weathering, and current known reserves are likely to be depleted in the next 50 – 100 years.
Demand for phosphorus is increasing globally due to an increasing per capita and overall demand for food in developing countries, from increasing population and global trends towards more meat and dairy based diets.
