- In October 2024, Sudeep Pharma India launched Sudeep Advanced Materials, expanding into battery materials with a focus on green iron phosphate for electric vehicle energy storage. With over 30 years of expertise in green chemistry, the subsidiary aims to develop sustainable solutions for the growing EV market
- In September 2024, OCP Group announced a USD 33 million investment in Weir Technology to boost phosphate production in Morocco. This partnership is designed to triple output at the Benguerir project while integrating energy-efficient solutions to support sustainable development, reinforcing OCP’s environmental commitments
- In July 2024, Arianne Phosphate reported positive results from its prefeasibility study for a purified phosphoric acid plant in Quebec. The plant aims to produce 350,000 tonnes annually for lithium-iron-phosphate batteries, with President Brian Ostroff highlighting strong economic potential and a pre-tax NPV exceeding USD 4.5 billion
- In May 2024, Ma’aden announced the acquisition of Mosaic’s 25% stake in the phosphate joint venture Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) for USD 1.5 billion. This deal will raise Ma’aden’s ownership from 60% to 85% and is pending regulatory and shareholder approval before completion later this year
- In August 2021, Centrex Metals initiated a new phosphate rock mining project in Ardmore, Northwest Queensland, Australia. This mine is expected to produce 800 kilotons of phosphate rock annually, translating into approximately 600 kilotons of phosphate fertilizers
