Phosphoric acid deficit widens amid higher demand and slow supply response
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Delays to extra supply and a revised demand profile have increased the market deficit for phosphoric acid by 0.2 million tonnes (Mt) to 0.9 Mt in 2030, according to Benchmark’s Phosphoric Acid Market Outlook. Phosphoric acid goes into the cathodes of lithium ferrous phosphate (LFP) and lithium manganese iron phosphate (LMFP) batteries. Growing demand, under-investment […]