China adapts to ‘new normal’ of dwindling high grade phosphate reserves
Published: Monday, 27 April 2015
The decline in the amount of mineable high grade phosphate rock in China has prompted the country’s government to look at new ways of conserving its resources, which have included export quotas, cuts to domestic taxes and processing innovation – but more will need to be done to protect the industry from becoming uncompetitive in the next decade.
China’s high-grade phosphate rock
reserves could be exhausted within the next fifteen years at
current consumption rates, which may lead to rising costs and a
severe loss of competitiveness in the country’s
phosphorus chemicals industry unless action is taken.
This is according to a new report by industry...