NEW DELHI--December 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Rising food production and a resulting increase in demand for fertilizers have led to a surge in the demand for phosphate rock mining. Phosphate rock is a critical raw material used primarily in producing phosphorus-containing fertilizers, the second-most essential plant nutrient after nitrogen. Beyond fertilizers, its applications in industrial processes, animal feed and emerging sectors like lithium-iron-phosphate batteries have further underscored its growing significance. As a result, phosphate rock mining is attracting significant investments from various stakeholders.

Industrial Info is tracking 146 active capital-spending projects worldwide worth more US$17 billion geared at phosphate rock mining.