Merchant Grade Phosphate Rock: Prospects For Available Supply By The Year 2000

The phosphate mining industry is confronted everywhere in the world with financial difficulties and low prices which prohibit further investments and development of new mines even in regions with a comparative cost advantage (North America/ North Africa/ and Middle East). But old mines are being progressively exhausted/ and if no replacement mines come on stream in the near future/ we may soon find ourselves (around the year 2000) with a global annual production capacity of 160 million tonnes of marketable phosphate rock instead of the capacity of 200 million tonnes existing today. Unless prices improve/ phosphate rock/ a non-renewable resource and a vital commodity to world agriculture/ may turn to be in short supply to world fertilizer industry. Whatever the extent of recovery of fertilizer demand/ the expected decline of the production capacity during the 1990 I s is bound to cause the disappearance by the year 2000 of the important surplus characterizing today the supply/demand balance.