Resource Hunter Capital Corp. Phosphate Mining in West Africa

Phosphate Market

The global phosphate rock concentrate market is roughly 176 million tonnes per year. Most of the phosphate rock is used by companies who own deposits and use the concentrate to manufacture downstream fertilizer products. This "vertically integrated" part of the market accounts for roughly 84% of the total concentrate produced each year. The residual 16% of phosphate rock is sold by independent producers on what is often referred to as the "merchant market".