Published: Sunday, 22 November 2009
The drying up of credit lines and an uncertain short term future has resulted in a buyers strike for phosphate. After production and price cuts, all suppliers of the fertiliser mineral can do now is play the waiting game
In the last two years, phosphate
has become the poor relation to potash. Having been the primary
fertiliser raw material for many years, attention from the
worlds biggest miners and investment banks has, in the
main, turned from phosphate to potash.
This is not to say the phosphate...