- In September 2024, Coromandel International, a leading agri-solutions provider in India, increased its equity stake in Baobab Mining and Chemicals Corporation (BMCC), a Senegal-based rock phosphate miner, from 45% to 53.8%. The acquisition was made through Coromandel’s wholly owned subsidiary, Coromandel Chemicals Ltd, with an investment along with loan infusion to support BMCC’s expansion and working capital needs. This strategic move strengthens Coromandel’s backward integration and secures a stable supply of rock phosphate, a key raw material for phosphatic fertilizer production, reinforcing India’s fertilizer supply chain resilience
- In February 2024, India initiated discussions to sign a long-term agreement with Mauritania for the import of rock phosphate, a critical raw material used in the production of fertilizers such as DAP (Di-ammonium Phosphate) and NPK (Nitrogen, Phosphorus, Potassium). The proposed deal includes the formation of a joint venture involving both public and private Indian entities to oversee mining, production, and transportation of fertilizers from Mauritania to India. This move is part of India’s broader strategy to diversify its fertilizer supply sources, reduce dependency on a few countries, and ensure fertilizer security amid global disruptions such as the Ukraine war and Red Sea crisis
- In November 2023, Comatam, a subsidiary of Morocco’s OCP Group, set a new world record by loading 100,000 tons of fertilizer onto a single bulk carrier at the Port of Jorf Lasfar. The operation, completed on October 24 and involving the vessel Patricia Oldendorff, surpassed the previous record of 75,000 tons set in Brazil. This achievement highlights OCP’s commitment to operational efficiency, digitization, and adherence to international safety and quality standards in fertilizer logistics. It also reinforces OCP’s global leadership in phosphate-based fertilizer distribution and its role in strengthening global food security
- In July 2023, Norge Mining announced the discovery of a massive phosphate deposit in southwestern Norway, estimated at up to 70 billion tonnes—a volume nearly equal to the world’s known phosphate reserves. This discovery, located in the Bjerkreim-Sokndal intrusion, positions Norway as a potential global leader in the supply of phosphorus, a critical raw material used in fertilizers, solar panels, and lithium iron phosphate (LFP) batteries. The find is especially significant for Europe, which currently relies heavily on phosphate imports, and aligns with the EU’s Critical Raw Materials Act to secure strategic resources domestically
- In May 2023, EuroChem Group launched its Croplex® fertilizer in Brazil, marking a strategic expansion into one of the world’s most important agricultural markets. Croplex is a balanced nitrogen-phosphate starter fertilizer enriched with sulfur, zinc, and boron, designed to support early crop growth and improve nutrient uptake. Its homogeneous granule composition ensures even distribution and reduces nutrient segregation, making it ideal for direct application. This product launch reflects EuroChem’s commitment to enhancing crop yields and sustainable farming practices, while also strengthening its presence in Latin America’s competitive fertilizer sector
